Objective

Eliminate backlog of annual reviews amid growing number of new deals and increasing regulatory requirements for a large Asia-based bank, while freeing up time for portfolio managers to engage with clients.

CRISIL's Solution

• Based on a detailed evaluation of the bank’s portfolio and requirements, CRISIL suggested that the bank subscribe to our white-labelled credit risk assessment industry utility, SPARC
• Through SPARC, CRISIL shared high-quality standardized credit risk assessment reports and financial models for 500+ credits annually. These credits are spread across several regions (US and APAC) and domains (corporates and financial institutions)
• CRISIL provided active surveillance support on the subscribed portfolio through summary email alerts, event update notes and sector update notes
• Offered an output-based pricing model with the flexibility to subscribe to counterparties from the SPARC coverage list

Client Impact

• Standardized credit risk assessment approach resulted in more accurate benchmarking of global counterparties
• Active portfolio surveillance enabled timely action and safeguarded the bank's exposures
• High-quality output enabled informed credit decision-making
• Output-based pricing model provided flexibility to ramp up and down coverage
• Enhanced process efficiency unlocked portfolio manager bandwidth, enabling the bank’s onshore team to focus on new deals and coverage expansion

Questions

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