NEW YORK, June 20, 2003 — SunGard Energy Systems, an operating group of SunGard, announced that it has partnered with London-based Raft International, Plc, to help clients implement the processes, workflow and analyses for best practice credit risk management and operations.
Raft adds credit departmental workflow tools to SunGard’s solutions for trade processing, decision support and risk analysis. SunGard’s solutions provide robust credit risk analysis, such as credit VaR and asset modeling and straight-through processing while Raft provides tools for establishing credit policies and processes such as counterparty management and margining. Raft’s credit modules interface with SunGard solutions for credit risk via XML links, creating a seamless workflow environment between trading, risk management, credit and accounting.
John Andrus, president of SunGard Energy Systems, said, “We have partnered with Raft to help our customers harness the full potential of our credit risk analytics and decision support tools. Clients must first establish a credit operational support system that includes people, processes and policies. Raft and SunGard can help clients create streamlined credit processes that feed into trading and risk management for the full gamut of energy specific instruments, including power, gas, crude oil, coal, emissions and weather.”
David Priestley, chairman of Raft International, said, “The partnership with SunGard will allow us to service the demand for upgraded credit systems and processes we have seen in the wake of the past years’ volatile markets and credit defaults. Our software will also help SunGard’s clients meet new reporting requirements from the rating agencies, regulators and Committee of Chief Risk Officers”.
About SunGard Energy Systems SunGard Energy Systems is a leading provider of integrated solutions that help energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk, and optimize operational and financial decisions. SunGard Energy Systems serves over 300 major energy market participants across North America and Europe, including utilities, power generating companies, energy traders and marketers, gas producers, pipelines, distribution companies, and public agencies. Visit www.energy.sungard.com
SunGard is a global provider in integrated IT solutions for financial services. 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 companies. 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.