Zeman
WESTPAC PICKS CREDIENT FOR MANAGING CREDIT LIMITS
Westpac Banking Corp. selected Credient to manage its global credit limits for operations across Asia Pacific, the United Kingdom and the United States, according to SunGard Asia Pacific.
Credient, which is part of SunGard Adaptiv, will provide Westpac with a central store of credit information and allow risk personnel to monitor global exposures against limits as well as manage exceptions on a real-time basis. SunGard says Credient will provide Westpac with an integrated framework to monitor global limits in real-time and respond to all trade-related activity. Additional functionality being provided to Westpac's traders includes pre-deal limit checking and what-if analysis. Traders will receive credit line availability levels in real-time and credit officers will be instantly notified of any credit policy violations, says SunGard.
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