Dexia Crédit Local extends scope of use of riskpro(tm)

Paris - 14 February 2007

In the frame of the reviewing process of its ALM information system, Dexia Credit Local has chosen the integrated riskpro(tm) solution and its results analysis database, the GADB (Global Analysis Database).

This project allows integrating in successive stages the collection of operations of the company's balance sheet (600'000 operations under an accounting plan of 8'500 nodes), implemented on the type blade calculators which was necessary in order to make the solution secure, productive and durable.

The whole process allowed that the production of daily indicators based on statistic calculations (gap rates, fixing days gaps, liquidity gap, NPV, global sensitivity, maturity sensitivity, etc.) to be automatically executed. The results are displayed in customized reports or using the GADB, a system which has a further advantage: the history of the indexes and the calculation of the acquired profit are preserved.

In 2006 Dexia also decided to extend the geographical perimeter of use of the riskpro(tm) solution, having it extended to its offices in Dublin. The implementation project, which lasted only six months, shows how simple it is to expand the use of such a complex calculating tool to other branches and also how feasible it is to extend the use of riskpro(tm) in the coming years. An environment for monthly calculations was also created. With it, accounting bridges and dynamic calculation were done, notably the profit concept.

2007 will be mainly dedicated to migrate riskpro(tm) to its latest version. riskpro(tm) 2.6 will enable Dexia the creation of profiles and the use of the Hedging IFRS functionality

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