« back 06 October 2003
SYSTEMIC Initiates deal with Marfin Group
Systemic Risk Management, the first Greek risk management firm, signed an agreement with Greece's Marfin Bank to provide the group with comprehensive Risk Management support and logistics.
Based on the deal, SRM will equip Marfin Bank with the RiskValue platform, which will enable the bank to follow the group's trading activities and open positions in bond, equities, foreign exchange and derivatives markets in Greece and abroad. The RiskValue system enables Marfin to monitor in real time its own and client portfolios and their open positions, and evaluate returns and risk using the Value-at-Risk (V-a-R) methodology.
Marfin Bank is one of the fastest-growing banking groups while its brokerage arm, Marfin-Hellenic, has a leading position in the Greek equities market, especially active in derivatives trading in Athens and in other European bourses.
SYSTEMIC provides more than 20 brokerage firms and leading banks in Greece with risk management products and support.
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