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Trading Credit Risk

Trading Credit Risk

Introduction

A Global Bank required a new Trading Credit Risk platform including new processes and measures. The current Trading Credit Risk platform became too costly. Implementation deadline was fixed due to penalty fees imposed by the current provider. CubeMatch was responsible for implementing the full environment, providing Project Management, Business Analysis and Data Analysis (DQ) resourcing.

CubeMatch Deliverables

  • Delivered new framework for setting measures for the Trading Credit Risk portfolio
  • Set-up and refined existing business processes for Trading Credit Risk 
  • Implemented new Trading Credit Risk IT System
  • Embedded Trading Credit Risk System into existing environment
  • Data migration – Trade and Counterparty Data
  • Improved Data Quality of the Counterparty Data

CubeMatch Approach

  • Implementation approach defined and agreed with client
  • Create focus on timeline and ensure correct funding in place
  • Improve only what was required 
  • Downscale to fit to new reality
  • Use of experienced consultants to train new team(s)

Benefits Delivered

  • On time delivery saving multi million penalty fees
  • Steppingstone for further counterparty data improvements 
  • Avoided disruption of existing businesses