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March 11, 2009

Interbanca selects SunGard’s risk management engine

To valuate its portfolios

By CBR Staff Writer

Interbanca, an Italian banking group, has selected SunGard’s risk management engine Reech RiskHedge, for the valuation of its complex portfolios.

Reech RiskHedge will help Interbanca’s risk department to compute the value at risk (VaR) of its positions. Delivered on an application service provider basis, Reech RiskHedge is expected to help Interbanca keep entry and support costs low, while maximizing the speed of implementation, said SunGard.

SunGard’s Reech RiskHedge is also expected to help Interbanca’s risk department measure the risk of incurring loss due to fluctuation in security prices, option volatility and credit spreads. It will also help the bank produce various market risk reports that reflect market sensitivities or the complete VaR of the portfolio.

Andrea Liso, head of information systems at Interbanca, said: Interbanca’s risk department decided to find a single risk management platform able to aggregate risk positions in accordance with industry best practices. We were looking for high quality of results, quantitative expertise and sophistication. After a short selection process, SunGard’s Reech RiskHedge was considered the appropriate solution and will help simplify our whole risk management process.

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