QuIC Financial Technologies Announces Success of CVA Summit

Vancouver, Canada - 2 July 2010

Summit achieves record attendance, drawing participation from 15 of the top 25 banks

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.”

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