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Reuters Trade and Risk Management Solutions Reuters Trade and Risk Management Solutions What’s new – Reuters Kondor Global Risk Version 3.0 Reuters Kondor Global Risk Kondor Global Risk v3.0 has been built in - A Basel II regulatory capital module to close co-operation with customers and improve compliance in the credit risk provides real-time monitoring prospects to ensure that we meet the area (including banking book of credit and settlement current user demands. We have also paid enhancements). The goal of version 3.0 exposures either in a global close attention to market drivers to address is to be fully Basel II Credit Risk Pillar 1 the major issues in the Enterprise Wide Risk compliant for reporting risk-weighted consolidated configuration or Management area in this latest product exposures against the three proposed on a local basis for one or a release. methodologies: standardised, foundation internal rating-based and advanced Version 3.0 of Kondor Global Risk meets the group of counterparties, internal rating-based – through the demand for: industry sectors, and application of a common framework to countries. Built on a multi-site - A risk engine for Monte-Carlo simulation measure, value and monitor trading and based Potential Futures Exposures (PFE) banking book transactions and multi-system architecture, for better credit exposure analysis – - A web based graphical interface for to assess credit risk for instruments the application allows the better navigation and graphical views interaction of credit managers particularly sensitive to market moves, such as complex derivatives and structured - A language and platform independent monitoring exposures and products, where traditional add-ons technical architecture with a traders sending limit enquiries (nominal amount adjusted by an communication server and a report and receiving limit updates in instrument risk factor) are too static. builder – using web services to better Monte Carlo simulation-based PFE is integrate with other information systems. real time. recommended to capture the correlation effects between market variables whilst Attractive Upgrade Packages taking into account credit mitigation Kondor Global Risk version 3.0 offers effects. significant improvements over previous - A complete limit management versions and can be easily and cost framework (collateral, netting,) effectively upgraded. For users of Reuters leveraging workflow capabilities for Kondor+ Limits and embedded KreditNet excess management and double there are impressive advantages in adopting validation of static data – fulfilling the the full Kondor Global Risk capabilities – need to improve limit management including global functionality for an flexibility, including Credit Mitigation enterprise wide solution and attractive Techniques. upgrade packages are available. Reuters Trade and Risk Management Solutions What’s important in Kondor Global Risk V3.0 1 Potential Future 2 BASEL II / Banking Book 3 Limit Management 4 Graphical User Interface Exposures (PFE) PFEs (and subsequent impact on Each rating will have a set of Kondor Global Risk 3.0 offers Kondor Global Risk is available limits) can be calculated using an rating risk factors classified more flexibility in terms of limit as a web version which simplifies internal risk engine to perform by asset classes. In the definition in the following areas: the installation and upgrade Monte-Carlo simulations or Regulatory Capital Report, process. There are various - Limit Time Band and allocation imported from an external risk users will be able to define a default user views giving access transfer: specify more than one engine. A new licence available set of scenarios for Ratings, to different parts of the time band for a credit limit and in v3.0 will give access to the Probability of Defaults and Loss application. automatically transfer allocation Monte Carlo Risk Engine – Given Defaults in order to stress amounts between time bands User Profile enabling: test their portfolio regulatory of the same credit limit to allow Access capital consumption. Once set, - Setup of the Time Series lines borrowing from longer the scenarios are loaded and the Trader Management in the time bands to shorter ones. system re-computes simulated Generic Trading, Report and Data Module capital charges and displays the - Allocation Schedule: define Regulatory Capital - Running of the risk engine results in the regulatory capital automatic changes of Credit Officer and relevant limit computed report. As coverage has been allocation for credit and Limit Definition, Static Data, with Monte Carlo expanded to include the settlement limits for a specific Generic Trading, Reporting banking book templates for period in the future. - Launch the Counterparty Letter of Credit, Financial Credit Manager Exposure Report - Novation Netting: treatment Guarantee, Term Loan and All modules of sales (short) and purchases Revolving Credit Line functions (long) of FX transactions and Data Manager will reflect enterprise wide risks. some interest rate transactions Static Data on a net, gross or maximum Administrator basis. Administration - Value Date View: visualise more accurately the allocation and available amounts for credit limits for the period from today and for the three following business days. - Excess Management and Double Validation via a flexible excess management and double validation module using TIBCO Business Works. - Credit Mitigation Techniques include the possibility to define a Collateral Leg and a Guarantee Agreement. © Reuters 2004. All rights reserved. Reuters uses your data in accordance with Reuters privacy policy in For more information: the privacy footer at www.reuters.com. Reuters Limited is primarily Send us a sales enquiry at Reuters and the sphere logo are responsible for managing your data. As Reuters is a global company www.reuters.com/salesenquiry the trademarks or registered your data will be transferred and available internationally, including in Read more about our products at trademarks of the Reuters group countries which do not have privacy laws but Reuters seeks to comply www.reuters.com/productinfo of companies around the world. with its privacy policy. If you wish to see or correct data held on you or no longer wish to receive information about developments in Find out how to contact your local office Published by Reuters Limited, Reuters Group products and services, such as free trials or events or www.reuters.com/contacts 85 Fleet Street, London EC4P 4AJ. you wish to change your preferred method of receiving a Access customer services at communication, please email [email protected] writing www.reuters.com/customers 15768-02-05 “Personal Details” in the subject title. or www.esupport.reuters.com .
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