Tuesday, 7th February, 2012
Exact Match
Allegro Announces Enhanced Credit Risk Management Functionality
06/Aug/2010
Allegro Development
, the leading provider of energy trading and risk management (ETRM) systems, announced today the release of
Credit Connect 8.1
, a new component of the Allegro 8 platform that provides real-time access to credit and financial data, including credit ratings, company financials, credit metrics, market implied ratings, credit default swap (CDS) pricing, and other key credit data for portfolio analysis.
“With today’s tight credit markets, commodity price volatility, and heightened counterparty risk, companies need real-time credit risk management across all commodities and business transactions,” said
Michael Hinton
, Allegro’s Chief Customer Officer. “Allegro automates the retrieval of current rating agency data, reduces the time needed to analyze credit-adjusted financials, and identifies outliers on specific performance metrics. Our customers gain a competitive advantage in mitigating credit risk and making critical portfolio decisions.”
Allegro’s Credit Connect 8.1 automates the import of credit rating data, fundamental data, and business entity information from Interactive Data Corporation. Risk managers can easily monitor up-to-date collateral, margin and liquidity requirements, access Moody’s, S&P and Fitch ratings data, and construct credit risk scoring models.
Credit Connect works with Allegro’s Credit 8.1, which allows firms to evaluate and manage current and future exposure between counterparties. Allegro’s credit components are fully integrated with more than thirty business components in Allegro 8 for trading, risk management, operations, logistics, optimization, systems integration, and accounting.
About Allegro Development
Allegro is a global leader in commodity trading and risk management solutions for power and gas utilities, refiners, producers, commodity traders, and commodity consumers. With more than 26 years of deep industry expertise, our enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with superior solutions to manage risk across gas, power, coal, crude, petroleum, agricultural, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Allegro has recently been recognized as the Energy Risk Software House of the Year and received The Energy Business Awards Gold Award for Excellence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore and Zurich, along with a global network of partners.
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