CorrRisk Demo

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CorrRisk is a global counterparty and country risk management software to approve, monitor and syndicate exposures for direct/indirect risk. One of the strongest attributes of CorrRisk is the management of secondary market distribution and risk enhancement of exposures, whether via risk syndications, collateral, or other risk enhancement instruments such as insurance and guarantees. CorrRisk carefully tracks the income collected as well as the “Skimming” that shows the ultimate profit on any deal. The software solution was designed to support the credit risk strategy away from “originate-hold-fold” to encourage the “originate-manage-distribute” approach. This so called Active Credit Portfolio Management (ACPM) explicitly facilitates proactive management of credit risk and attempts to maximize risk adjusted returns and use of Economic Capital. To optimize risk return, banks adopting ACPM can use CorrRisk to manage the primary obligor origination, secondary market trading and risk securitizations to maximize RAROC (Risk Adjusted Return on Capital) and use of Economic Capital. The software solution is deployed globally by some of the very largest global banking institutions and is in use as a 24 x 7 x 365 mission critical application and has the flexibility to support various business models from the “Follow the Sun” approach, where the risk portfolio is passed between several trading / approving units in different regions based on their business hours, to a centralized approach while still providing full access to the entire global branch network to facilitate the origination of new deals.