Triple Point Technology Launches Credit Risk Management Solution Suite : Commodity XL for Credit Risk, the first product in the series, manages the
WESTPORT, Conn. (Business Wire EON) July 7, 2008 -- "Financial stability depends upon an up-to-the minute perspective of credit exposure and liquidity. Companies need the information and analysis tools to anticipate changes and adjust accordingly to reduce risk," said Michael Schwartz, Triple Point's chief marketing officer. "Commodity XL for Credit Risk provides an accurate depiction of credit exposure in both current market conditions and stressed scenarios. Access to detailed, actionable credit exposure and liquidity obligation information enables companies to set the accurate level for credit reserves and eliminate potentially crippling costs of adverse credit events."
Commodity XL for Credit Risk offers on-demand access to the information needed to protect a company's cash and creditworthiness. The product measures current and future exposure by using contractually current, accurate and legally enforceable information and not historical estimations. Commodity XL for Credit Risk simplifies the collateral management process by governing contractual and margining terms and netting formulas to automatically calculate liquidity obligations. It provides accurate details and hierarchy information for counterparties, capturing hundreds of data points into a single repository which can be used to better manage risk profiles.
"Most organizations struggle with inefficient credit processes, complex and inaccurate counterparty data and latency of required information to make timely credit risk decisions," said Dan Reid, Triple Point's vice president of credit risk management solutions. "With Commodity XL for Credit Risk, you gain efficiency and accuracy; questions that currently take hours or even days to answer can be addressed in a matter of minutes. Additionally, you can leverage information to make risk-adjusted decisions, utilize best practice methods for reducing credit risk exposure and improve reporting to regulators, agencies and shareholders."
Market, liquidity and credit risk are inextricably linked in delivering the highest risk adjusted return on capital (RAROC). Integration between trading and credit eliminates data silos and redundant data input, providing immediate accessibility of information throughout the company. Forward thinking organizations will link the trade and credit groups on a common platform to improve decision making and gain competitive advantage.
About Triple Point Technology, Inc.
Triple Point Technology is the established leader in cross-industry commodity and energy trading, risk management, scheduling and logistics software solutions. Triple Point Commodity XL? profitably integrates physical and financial markets from the front-to-back office on a real-time, next-generation platform for all commodities including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. Triple Point's award-winning commodity and energy trading software solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com.
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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