LONDON, May 25 /PRNewswire/ -- Infinity, A SunGard Company today announced
that SEB (Skandinaviska Enskilda Banken AB) has selected Panorama for global
credit limits and market and credit risk management. Panorama is an
integrated risk management application for limits, market and credit risk
across major asset classes with trading functionality. Infinity's sale of
Panorama to SEB is one of the largest Panorama sales in the history of the
product. Panorama's Global Credit Limits and Market Risk modules will run in
seven sites, including SEB's Stockholm headquarters, several European trading
offices and in New York. Approximately fifty traders, relationship managers
and risk managers will use Panorama Global Credit Limits initially, with plans
for additional users once the system is live. Infinity is the leading provider
of enterprise solutions for financial trading, risk management and operations.
Said Lars Gustavsson, head of IT and business development at SEB, "This is
a very ambitious project that is central to our ongoing business efforts.
State-of-the-art credit limits, credit risk management and market risk
management will give traders the real time information they need to optimize
capital allocation across counterparties and across asset classes. We chose
Infinity because Panorama seemed to be the only product in the marketplace
that integrated market and credit risk and because of Infinity's many years of
experience delivering advanced solutions in conjunction with leading financial
institutions. Infinity Global Professional Services has demonstrated proven
project management skills enabling SEB to meet our business objectives in a
timely manner."
Panorama Global Credit Limits provides real-time credit limits management
based on potential future exposure calculations across SEB's entire line of
trading and commercial banking products and services. Panorama Global Credit
Limits has been enhanced to cover additional banking instruments as well as a
range of proprietary lending and commercial products. Panorama Global Credit
Limits and Market Risk modules will deliver credit exposure and potential loss
reports, Value-at-Risk based Monte Carlo simulation and pre-configured capital
adequacy reports adhering to the Bank of International Settlements' (BIS)
standards.
SEB recently participated in Infinity's formal benchmarking tests designed
to measure the performance of loading and analyzing portfolios in Panorama.
Panorama executed 8.4 million valuations per minute during a Value-at-Risk
based Monte Carlo simulation using 2000 scenarios.
"Panorama is the complete solution for global credit limits and enables
exposures and risks to be managed in real-time at the trader's desk against
limits," said Ron Lang, president, Infinity. "This sizeable sale of Panorama
to SEB underscores Infinity's commitment to work with leading financial
institutions to deliver premier, market leading solutions."
Lang continued, "SEB has created a strong internal project team with
demonstrable commitment and support from their senior management to deliver
within a very short time frame. To complement SEB's resources, Infinity
Global Professional Services have built a multi-skilled project team to mange
the process and focus on individual deliverables. The success of this project
to date has been very impressive and Infinity is very pleased to partner with
SEB."
About SEB
SEB (Skandinaviska Enskilda Banken AB) is a leading Nordic bank with
growing retail, wholesale and securities operations. With over 300 branches
throughout Sweden and online banking services, SEB is committed to providing
superior service to its retail customers. SEB's corporate and institutional
investor clients can take advantage of a wide range of services, which include
24-hour trading, transaction settlement, cash management, advisory services,
securities lending and derivatives clearing. SEB, rated the best bank in
Sweden by Euromoney Magazine, is committed to providing expertise on the
Nordic markets combined with a robust global presence.
About Infinity
Infinity, A SunGard Company, provides enterprise software solutions for
financial trading, risk management and operations. Infinity customers include
banks, asset managers, corporate and government treasuries of every size,
geographic reach and operational complexity. Infinity identifies emerging
standards early on and delivers innovative, modular, adaptable solutions and
enabling technologies. Infinity facilitates client success, mitigates
technology risk, and delivers rapid 'Time-to-Value' through Infinity Global
Professional Services, providing application implementation and integration
consulting. Infinity, A SunGard Company, is an operating unit of SunGard Data
Systems Inc.(NYSE: SDS), the only large specialized provider of proprietary
investment support systems and the pioneer and a leading provider of
comprehensive computer disaster recovery services. SunGard Data Systems
common stock is reported on the New York Stock Exchange under the symbol SDS.
SunGard Data Systems can be reached at http://www.sungard.com. Infinity can
be reached at http://www.infinity.com.
Trademark Information: Infinity, the Infinity logo and Panorama, are
trademarks or registered trademarks of SunGard Data Systems Inc. or its
subsidiaries in the U.S. and other countries. All other trade names are
trademarks or registered trademarks of their respective holders.
SOURCE Infinity
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CONTACT:
In the U.S., Briana Jolicoeur, 650-940-6100,
or briana_jolicoeur@infinity.com, or in Europe, Sarah Morrison, +
(44) 171 337 6000, or sarah_morrison@infinity.com, or in
Asia-Pacific, Trevor Builder, + (61 2) 8224-0000, or
trevor_builder@infinity.com, all of Infinity
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