Allegro has announced the release of their new Allegro Credit 8.1 component. While the name may be somewhat underwhelming, the new functionality appears to be able to match just about anything on the market. I talked with Gary Craze, who headed up the design of the module, and he said that they had purposely set out to ensure that they were able to match any product currently available in terms of features and functionality. He also said that as part of their new development methodology, they ensured that anyone running Allegro 8 could take-on the new capabilities offered within this new set of functionality without impacting their current implementation of version 8.

One of the key features that Gary felt was most important, besides the new analytics, was the ability to integrate with the various credit rating agencies, ensuring the users of Credit 8.1 that they would always be up to date the latest developments from those agencies.

On the credit analytics side, Gary pointed out they now have the following capabilities:
- Market and Credit Event Liquidity Adequacy stress testing
- Credit Value at Risk analysis
- Potential Future Exposure analysis
- Walk Forward analysis

They also built out a lot of collateral analysis and monitoring capabilities:
- Comprehensive collateral status
- Monitoring of collateral obligations
- Documentation of collateral / margin disputes
- Default Risk and Recovery Factor functionality

While I haven’t yet had a demo of the new system, it seems apparent that Allegro took stock of what has been in the market for credit risk and intends to compete heads-up this particular piece of the market.

RSS feed for comments on this post.
TrackBack URI