SunGard Energy Systems is adding software modules from Raft International to its trading and risk analysis products to help clients implement the processes and workflow for managing credit risk.
SunGard's products provide credit risk analysis, such as credit VaR and asset modelling, while London-based Raft International provides tools for establishing credit policies and processes such as counterparty management and margining.
Under the integration programme, Raft's credit modules will interface with SunGard products for credit risk via XML links, creating a seamless workflow environment between trading, risk management, credit and accounting.
The partnership will 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, says: "Our software will also help SunGard's clients meet new reporting requirements from the rating agencies, regulators and the Committee of Chief Risk Officers."