UniCredit (HVB) Implements SunGard’s Kiodex for Commodities

SunGard (http://www.sungard.com) today announced that UniCredit (HVB) has implemented SunGard’s Kiodex Risk Workbench at its trading hub in Munich to help manage its end-to-end commodities transaction lifecycle and help support its growing business. The Kiodex Risk Workbench is a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data. The market data includes representative prices, volatilities, volatility skews and correlations across the spectrum of commodity markets (http://www.sungard.com/kiodex).

Traders at the UniCredit Markets & Investment Banking division use Kiodex to help manage trade pricing, trade capture, analytics, trade processing and settlement, and valuation and risk reporting. Kiodex helps provide straight-through processing by feeding UniCredit’s internal risk and back office accounting systems with trade data and profit/loss values, which help in risk reporting and transaction settlement. Delivered in a Software-as-a-Service (SaaS) environment, Kiodex provides traders with forward curve data and volatility surfaces, and risk managers with market data audit trails, which help enhance operational controls throughout the lifecycle of a deal.

Kurt Szesny, head of Fixed Income, Currencies and Commodities (FICC) at UniCredit, said, “Kiodex will help us to expand our commodities business and is the core component that helps us to accurately manage and value our commodity and derivative trades. It also helps enhance our ability to capitalize on opportunities while providing liquidity and support for our clients.”

Ben Jackson, chief operating officer of SunGard’s Kiodex business unit, said, “Kiodex’s scope of market data, front-to-back integration and scalability to support business growth help customers to enhance efficiencies and profitability, and leverage a straight-through process that helps enrich the productivity of traders and ensure compliance with regulatory requirements.”