ATB Financial Selects SunGard’s Adaptiv to Help Manage Counterparty Credit Exposure

Share Article

ATB Financial (ATB), a leading Canadian full-service financial institution, has selected SunGard’s Adaptiv Riskbox and Collateral solutions to help manage counterparty credit exposure and respond to demand from across the business for greater transparency and efficiency.

ATB Financial (ATB), a leading Canadian full-service financial institution, has selected SunGard’s Adaptiv Riskbox and Collateral solutions to help manage counterparty credit exposure and respond to demand from across the business for greater transparency and efficiency.

ATB has been managing the desk level risk of its derivatives book on the Adaptiv platform since 2006. As the industry becomes more sensitive to the possibility of counterparty defaults, firms are using netting and collateral to mitigate the effect of a default. Adaptiv’s newest offerings to ATB will help the firm manage counterparty credit exposure from both a collateral management and a simulation Potential Future Exposure (PFE) perspective, which helps the bank understand its potential exposure to its trading partners and proactively reduce its counterparty risk.

Implementing a flexible and integrated market, credit and collateral management solution will help the firm better manage market and credit risk measures and the associated risk mitigation processing, as well as helping it disseminate that information to numerous internal departments for increased transparency across business silos. Adaptiv is also providing improved reporting capabilities, such as trade level drill down and scenario-based measures that will help provide consistent, up-to-date and accurate information.

Peter Freilinger, treasurer at ATB, said, “We need the most robust infrastructure to support our management of counterparty credit exposure through collateral netting and PFE simulation. The expertise of SunGard’s Adaptiv team, as well as the technical and functional improvements they have made in the solution’s calculation speed and result distribution areas, showed us once again that SunGard understands both our business and what we need in order to effectively compete in today’s changing environment.”

Juerg Hunziker, president of SunGard’s Adaptiv and Front Arena business units, said, “We work closely with our customers and industry players to understand the latest market developments and develop innovative solutions to help them capitalize on change. That is why so many of our customers choose to expand their relationship with us when new technology requirements arise.”

About ABT
ATB Financial ("ATB") is a full-service financial institution headquartered in Edmonton, Alberta, Canada. ATB is the largest Alberta-based financial institution, with assets of $26.5 billion. Some 5,000 associates provide Personal and Business Financial Services, Agri-Industry, Corporate Financial Services, and Investor Services to more than 670,000 Albertans in 242 communities. ATB provides service through 165 branches and 131 agencies, a Customer Contact Centre, a network of Automated Banking Machines (ABMs) across Alberta, Internet and Telephone. ATB Financial was established in 1938 and has been a provincial Crown corporation since 1997. This year, it was named one of Canada's 50 Best Employers by Report on Business Magazine, one of the 75 Best Workplaces in Canada by the Great Place to Work Institute, and one of Alberta's Top 40 Employers by Mediacorp Canada Inc.

ATB has built strong customer relationships in the pursuit of its vision to be Alberta's first choice for financial services. ATB's goal is to ensure that we deliver the best value to each customer through a competent, professional, and engaged team of associates to provide a fair return for our Shareholder, the Province of Alberta.

About SunGard’s Adaptiv
SunGard’s Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational control. Adaptiv helps financial services institutions from the banking, hedge fund, asset management, insurance and corporate sectors with its deep understanding of risk management and operational processes. For more information, please visit

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit

Trademark Information: SunGard, the SunGard logo, Front Arena and Adaptiv 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.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Adriana Senior
Email >