London, UK, October 2002 – KWI, a provider of risk management and trading software for the global energy industry, announced its partnership with Raft International plc.
Together the two companies can provide global energy businesses with an unparalleled enterprise-wide risk management solution.
Raft International is a pioneer in component-based application development, specializing in credit risk for the global financial services and energy markets. Raft Credit, Raft International’s product specifically designed for the energy industry, provides a comprehensive suite of applications for measuring, capturing, mitigating and reporting credit risk. The Raft suite of applications provides a level of credit risk management functionality that is unrivalled in the energy markets.
The combination of kW3000(tm), KWI’s flagship product for multi-commodity energy trading and risk management, and Raft Credit is a powerful solution for energy merchants, capable of handling all risk types – including market risk, credit risk and corporate energy risk – across all relevant asset classes. The combined systems provide:
* A platform and suite of applications that can be used for front to back trading and risk management
* Comprehensive and detailed handling of credit exposure, limit management, collateral management and credit event workflow
* Management of asset-centric and physical energy activities, including volumetric risk, PaR(tm) simulations, operations and balancing
David Bucknall, CEO, KWI, said: “Raft’s credit risk and credit mitigation functionality enhances KWI’s existing market and corporate energy risk capabilities to a level which cannot be matched by other vendors in the energy market. Our mutual clients will derive tremendous benefit from Raft’s financial market expertise and KWI’s asset- and trading-centric heritage.”
David Priestley, executive chairman, Raft, said: “In today’s volatile markets credit has come right to the top of the priority list. Combining our work in credit with KWI’s extensive experience in trading and market risk will undoubtedly set the standard for a best practice solution for the credit professional.”
KWI develops risk management and trading software for the global energy industry. Established in 1993, with global headquarters in London and North American headquarters in Houston, KWI has offices in Boise, Stockholm and Sydney. Developed specifically for global energy businesses, KWI’s flagship product, kW3000(tm), is a comprehensive suite of applications for multi-commodity trading and risk management.
For further information, visit www.kwi.com.
About Raft International plc
Founded in 1995, Raft International plc is a pioneer of credit risk and collateral management solutions for energy and investment banking. Raft has offices in the United Kingdom, Denmark, Sweden, India and recently the U.S.A. servicing a global customer base.
Raft International’s mission is to be the first choice supplier of advanced business solutions for the credit industry, facilitating business agility through highly flexible strategic solutions designed and delivered with unparalleled speed-to-market. The Company is a Microsoft Managed Partner and its component-based architecture is based on Microsoft’s Windows DNA architecture. Raft International is listed on London’s Alternative Investment Market (AIM). For further information, visit Raft International at www.raftinternational.com.