TRADE LIMITS & ASSET RISK MANAGEMENT
CorrRisk is an enterprise software solution that enables financial institutions to monitor, manage, and report on the Trade Finance (FI) Risk taken on their Counterparties/Correspondent Banks and Countries, maximize their profitability, and minimize risk exposure through Trade Finance Asset Distributions (Insurance/Unfunded or Funded Risk Participation/Guarantee) in the secondary market while managing and tracking profitability associated with the Trade Finance Assets being distributed.
It is a proven solution used by financial institutions with a global / regional footprint.
- It allows the financial institutions to maximize utilization of Global Counter Party and Country limits by eliminating inaccurate / overstated Trade Risk data while monitoring fees and income associated with the deals.
- It allows for the management of secondary risk enhancement of exposure, whether via risk syndication, collateral, or other risk enhancement instruments such as insurance and guarantees.
- CorrRisk is designed to take the Financial Institutions’ credit risk strategy away from the traditional “originate-hold-fold” approach to encourage an “originate-manage-distribute” approach that is aligned with current developments in Trade Finance Technology. This new approach generates an Active Credit Portfolio Management (ACPM) that explicitly facilitates proactive management of credit risk and allows to minimize risk in trade finance related operations while maximizing risk adjusted returns and optimizing the use of the financial institutions’ capital.
