LONDON, May 17, 2010 /PRNewswire/ -- GoldenSource Corporation (http://www.thegoldensource.com/), a leading provider of Enterprise Data Management (EDM) solutions ( http://www.thegoldensource.com/company/edm), will sponsor a coffee, croissant and counterparty risk (http://www.a-teamgroup.com/counterparty-risk/) seminar, moderated by A-team Group, on Tuesday 18th May at the Andaz Hotel, London. The seminar will bring together specialist practitioners from industry organisations including Citi, GoldenSource, Interactive Data and Avox to discuss Following the Link... From Asset to Issuer.
The recent economic crisis has made financial institutions even more aware of the need to understand their entire risk exposure. 'Know your counterparty' is best practice enterprise risk management and the difference between success and failure, however a traditional siloed approach to data has left organisations unaware of the ultimate institution behind assets being traded.
To minimise this risk, financial institutions must ensure they have the systems in place to track counterparty interactions across multiple touch points. This enables them to achieve greater levels of transparency and understand individual trades and instruments in the broader enterprise context. A centralised approach to data - instrument, client, price and counterparty - and bringing it into a single golden record helps achieve these goals, delivering a unified view of individual positions and transactions, and highlighting potential exposure across the enterprise.
Gert Raeves, senior vice president, strategic business development at GoldenSource, will be available for comment before and after the seminar. The seminar, free to attend for industry participants, takes place at 8:30am, Tuesday 18th May 2010 at the Andaz Hotel, Liverpool St, London.
Press note: Gert Raeves is available for press interviews and briefings while onsite at the CounterParty Risk Seminar. Please contact Andy Martinus using the information below to coordinate an interview:
GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.
Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource(TM) program.
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