ABN AMRO Selects SunGard's Credient for Global Credit Risk Management and Control.Business Editors NEW YORK--(BUSINESS WIRE)--April 24, 2003 SunGard (NYSE NYSE See: New York Stock Exchange :SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ) Credient to automate and streamline processes and provide an infrastructure for globally integrated, enterprise-wide credit risk management SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Bank N.V., headquartered in Amsterdam, The Netherlands, has selected Credient for trading portfolio credit risk management across its Wholesale Clients business. Credient will consolidate global information and provide tools for portfolio analysis and exposure modeling, as well as real-time, pre-deal limit checks and global limit management. ABN AMRO will use Credient to monitor and control credit risk in real-time. Credient will aggregate data from ABN AMRO's trading systems, including other SunGard solutions such as Infinity and BRASS, and consolidate and calculate the full range of credit risk information including netted exposures and advanced portfolio analytics. Jan Sijbrand, senior executive vice-president and global head of group risk management at ABN AMRO, said, "Credient's ability to provide consolidated data from across our trading operation in real-time will enhance pre-deal decision making and enable us to implement consistent credit policies across the organization. Credient will also help us to manage our portfolio risks effectively. Our existing relationship with SunGard has shown the reliability of its service and support and we look forward to our continued partnership." SunGard will host Credient in SunGard Availability Services' European data centers, providing a fully resilient business continuity service. It will deliver Credient via a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. to over 3,000 traders and middle office staff in over 65 locations in 45 countries. Steve Husk husk (husk) an outer covering or shell, as of some fruits and seeds. psyllium husk the cleaned, dried seed coat from the seeds of Plantago , president of the Trading and Risk operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , said, "Within an application service provider framework, Credient helps banks automate and streamline their processes and reduce operating risks. Credient's extensive data collection and consolidation capability, its exposure calculations for on- and off- balance sheet items, and its global, real-time risk architecture further enable banks to meet their complex risk management objectives. Its advanced portfolio analytics, speed, flexibility and global coverage are a lynchpin lynch·pin n. Variant of linchpin. lynchpin Noun same as linchpin Noun 1. in helping banks meet the requirements of future regulations." About ABN AMRO ABN AMRO is one of the world's largest banks with total assets of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 607.5 billion and a presence in over 60 countries. Its activities are grouped into three strategic business units: Wholesale Clients, which provides integrated corporate and investment banking services to corporate, institutional and public sector clients worldwide; Consumer & Commercial Clients, which focuses on retail and SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. clients in a number of core markets; and Private Clients & Asset Management, which focuses on private banking and fund management clients. About SunGard Trading and Risk Systems SunGard Trading and Risk Systems provides integrated, enterprise-wide solutions for financial and energy trading, risk management and operations, as well as asset liability management and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and forecasting. Serving over 900 clients, it offers Web-enabled solutions for achieving straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. , and for managing market, credit and operational risk. Clients include financial institutions, energy companies, government agencies and corporations of every size, geographical reach and operational complexity. SunGard Trading and Risk Systems also offers systems integration, project management and consulting services. About SunGard SunGard is a global leader in integrated IT solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of more than $2 billion. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo, BRASS, Credient and Infinity are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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