More NewsEBRD Implements QuIC’s Counterparty Credit Risk Solution

EBRD Implements QuIC's Counterparty Credit Risk Solution

The European Bank for Reconstruction and Development (EBRD) has implemented QuIC Financial Technologies’ counterparty credit risk solution. Using QuIC, EBRD is 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 value at risk (VaR), potential future exposure (PFE) and credit VaR calculations across the banking and treasury portfolios of complex instruments.

This 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. This 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.

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.

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