London and New York, July 18, 2018 – Quantifi a provider of risk, analytics and trading solutions, today announced it has been selected by COFCO International, a world-class integrated global agribusiness, to help monitor, manage and report their credit & counterparty risk. Headquartered in Geneva, Switzerland, COFCO International employs 12,000 people in 35 countries. In 2017, it handled 100+ million tonnes of related commodities, with revenues of $34bn. Against a backdrop of price volatility, cost pressures and competition, commodity trading firms are experiencing challenging times. Despite this, many firms are still relying on traditional, manually intensive methods to evaluate and respond to risk. To improve its risk management capabilities and better govern risk exposures, COFCO International began an initiative to implement an enterprise-wide approach to credit risk management. After careful review COFCO International selected Quantifi’s Commodity Counterparty Risk Management (CCRM) solution. COFCO International recognised that Quantifi could help with their plans to grow into a new global force in agricultural trading. “We are delighted to be working with COFCO International, one of the largest agribusiness companies. In the dynamic marketplace in which COFCO International operates it is more important than ever to understand counterparty risk and exposure. The very nature… continue reading
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Source: CTRM Center