Chinese bank picks credit limits provider

Chinese bank monitors exposures as it prepares to build out in derivatives

The China Construction Bank Corporation (CCB) has selected Algorithmics to help it measure and manage its international credit exposure and credit limits. Algorithmics says this is the first such deal and represents a landmark for the Chinese banking industry as it moves towards adopting international risk management standards. CCB bought Algo Credit Exposure and Algo Credit Limits to assist in measuring and managing its counterparty credit risk, as well as viewing and managing consolidated risk