ACT, Hewlett-Packard Offering Global Risk System

By Tucker, Tracey | American Banker, February 18, 1994 | Go to article overview

ACT, Hewlett-Packard Offering Global Risk System


Tucker, Tracey, American Banker


ACT Financial Systems Inc. has teamed up withHewlett-Packard Co. to launch a new product called OpenLimits, which monitors exposure to credit and market risk, capital adequacy, and compliance with regulatory requirements.

An ACT spokesman said OpenLimits is the first in-house global risk-management system for large financial and corporate institutions.

The company decided to develop OpenLimits with Hewlett-Packard, Palo Alto, Calif., to address a "black hole" in the financial marketplace - namely, the lack of any in-house systems designed to measure credit risk, said William Payne, chief executive officer of London-based ACT.

Most systems, Mr. Payne said, are service bureau-based and are restrictive in terms of responding to market or organizational changes. OpenLimits addresses these problems by providing flexibility and giving control back to an organization.

"Banks and financial institutions need to control their own destinies," Mr. Payne said.

ACT officials said the system is also less costly than a bureau-based solution.

OpenLimits is a global system that works with all kinds of currency and provides information in real time.

It allows an organization to calculate the risks of a business activity and monitor those risks at will.

Compliance Tool

The product focuses on credit risks. A company can monitor exposure to credit risk and monitor capital adequacy on a daily basis to comply with regulatory rules. Users are able to set limits on acceptable levels of risk and perform monitoring through system inquiries and periodic reports.

The system also alerts the appropriate personnel when there is a possibility of breaching set limits - before the limits are exceeded.

OpenLimits performs what-if analyses too.

The system was developed with HP 9000 servers and workstations, but it can run in any environment, including equipment from Digital Equipment Corp.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

ACT, Hewlett-Packard Offering Global Risk System
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.