Bayer AG, a global leader in health care, agriculture and high-tech materials, has gone live with SunGard's Adaptiv Analytics. The Adaptiv 360, and Adaptiv Operations will help Bayer to conduct fast Monte Carlo-based calculations of risk measures such as value at risk (VaR), potential future exposure (PFE), credit valuation adjustment (CVA), and debt valuation adjustment (DVA) to support the firm's global financial risk management, treasury operations from trading to hedge accounting, and adherence to the International Financial Reporting Standards (IFRS) 13 rules.
Alexander Burck, head of corporate financial controlling at Bayer, said, "To help mitigate risks, Bayer decided to utilize the same risk management methodologies used by some of the largest and most advanced global banks. SunGard's Adaptiv Analytics, Adaptiv 360 and Adaptiv Operations enable Bayer to determine, monitor and steer our counterparty risk accurately and consistently across our counterparties. With the automated Adaptiv Analytics solution in particular, we are now able to calculate Monte Carlo-based CVA and DVA and attribute the results accurately to the trade level, even within netting sets, helping us to comply with regulations such as IFRS 13."
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