Tuesday, July 6th, 2010
Summit Achieves Record Attendance, Drawing Participation From 15 of the Top 25 Banks(i)

VANCOUVER, CANADA--(Marketwire) - QuIC Financial Technologies, a market leader providing the world's financial organisations with risk management, pricing and analytic solutions, is pleased to announce the success of their recent CVA Summit held in London. The summit was held in conjunction with ICAP - the world's premier interdealer broker - and featured presentations from expert CVA Consultant Robert McWilliam and Andy Shaw, Managing Partner of LINKS Risk Advisory.

"As a leading provider of CVA solutions to major financial institutions, QuIC is focused on sharing knowledge of CVA strategies with industry stakeholders," stated Justin Forrest, Executive Vice President of Global Sales for QuIC. "We were extremely pleased to deliver a valuable platform for discussion to our delegates."

Hosted in the prestigious Lloyd's building in Central London, the summit achieved record attendance from senior CVA practitioners. It featured discussion of the latest CVA strategies, models and industry best practices, and addressed many key issues related to CVA risk management and credit correlation products. The summit not only validated the desire for better CVA understanding between industry stakeholders, but also reinforced the need for a forum for knowledge exchange and on-going discussion.

"This fantastic event allowed counterparty credit risk managers of major banking institutions to discuss challenges surrounding their risk exposures and strategies to mitigate any detrimental impact," stated Paul Jones, Vice President Product Management at QuIC. "The overwhelming registration we received from senior industry practitioners validates CVA as an extremely hot topic in the industry."

For more information about QuIC's CVA Portfolio Management solution, please visit http://www.quic.com/solutions/quic-solutions/cva-portfolio-management-solution.aspx.

Contact Profile

QuIC Financial Technologies Inc.

At QuIC, we provide the world's leading financial organisations with enterprise solutions to power their risk management, pricing and financial analytics. With the advanced vectorised technology of the QuIC Engine(tm), our solutions perform highly complex, large-scale calculations at unparalleled speed with unmatched accuracy. From intraday portfolio analysis to rapid implementation of new models and financial instruments, our technology allows industry leaders to stay ahead of the market and ahead of the competition.

(i) Top 25 banks by tier 1 capital http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=637362&ProfileId=&sourceType=1

Julie Zuzek, Director of Marketing and Communications
P: +44 (0)20 7562 4570
W: www.quic.com


risk management, pricing, analytic solutions



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