UniCredit selects Triquesta for delivery and implementation of a new collateral and risk management solution

29 October 2012

Triquesta announces that UniCredit, after a careful process of evaluating all the alternatives available on the market, has selected the Triquesta Collateral Manager™ for the daily collateral and risk management monitoring of their commodity trade finance activities. The implementation has started and the system will be operational soon.

UniCredit is a large player in commodity trade finance. The bank serves customers across the globe. Currently, the bank operates out of three global offices and this number is likely to expand in the coming years.

The Triquesta Collateral Manager™ is an integral collateral and risk management suite for banks active in trade and commodity finance. The management of each facility agreement between obligee and obligor, which is the basis for drawdowns and issuance of credit instruments against self liquidating collateral, is one of the core qualities of the system. The Triquesta Collateral Manager™ also has a highly sophisticated module for managing a variety of commodity repos. The system’s margin financing functionality is unique and allows for financing of the most complex hedging structures.

“We are delighted with UniCredit as a user of our system. UniCredit is a highly reputable bank and an established global player in commodity finance” says Martijn Voorhuis, Director at Triquesta. “We have seen a fast growing interest in our product over the past year and with UniCredit adopting our solution, our leading position in the market is established”.

“Triquesta understands the commodity trade finance business very well and knows how to translate requirements into high quality software. We have selected the product of Triquesta after carefully evaluating its functionality in relation to our real live business cases and concluded that the product is very flexible and user friendly”, according to Michael Rolfe, Global Head Commodity Trade Finance at UniCredit.

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