Brady completes another successful Credit Risk upgrade at Vattenfall in record time

21st July 2016, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Vattenfall has completed a successful implementation of the Brady Credit Risk solution. Vattenfall is 100 percent owned by the Swedish state and is one of Europe’s largest generators of electricity, employing over 28,000 staff across its European operations. Vattenfall’s main products are electricity, heat and gas. In electricity and heat, Vattenfall is active across the full energy value chain: generation, distribution and sales. Vattenfall also participates in the sale of gas and is active in energy trading. Vattenfall required a robust credit risk management system to manage its daily credit risk activities for energy commodities and treasury products, to support traders, brokers, portfolio managers, and treasury department in a transparent and efficient way. Brady Credit Risk’s latest version is now live at Vattenfall managing its limits and exposures, as well as collateral, counterparty documentation margining and static data. «With automation a key driver for a Credit Risk solution, having an automated margining process as well as automated report generation and delivery, makes Brady the clear partner of choice for us. Automated margining saves precious time and

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Source: CTRM Center

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