The implementation builds on the previously installed Market Risk Solution and extends EBRD’s strategic risk systems architecture to include the calculation of unconditional credit exposure measures across banking and treasury products.
Morever, it includes the integration of additional data sources to the QuIC Engine, the extension of additional configuration of the QuIC Engine to calculate unconditional credit exposure measures and incorporation of the QuIC Engine with SAP for the purpose of credit limit controlling.
Using QuIC, EBRD will be able to use consistent methodology for measuring credit exposure across banking and treasury products in addition to providing a single Obligor exposure measurement system, delivering VaR, PFE and Credit VaR calculations across the banking and treasury portfolios of complex instruments.
The next phase of the project at EBRD will involve using QuIC solutions to support EBRD’s Economic Capital Policy, delivering a credit portfolio risk measurement framework throughout the organisation.
Justin Forrest, executive vice president of global sales at QuIC, said: “Our aim is to help EBRD achieve their strategic goals and through partnership, our team continues to raise the bar for speed, flexibility and performance. The most recent results not only reinforce that our solutions exceed industry standards but also offers our clients new sources of competitiveness.”
