Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America.
The credit risk group’s goal was to enhance their credit and counterparty risk decision-making and risk management processes.
Bunge conducted a rigorous process evaluating specialist commodity risk systems, capital markets risk systems, leading credit rating agencies and internal build options. Bunge chose Quantifi for its expertise in quantitative analysis and system development, along with the ability to collaborate to develop a solution addressing their specific business needs.
Bunge now has a single enterprise-wide credit and counterparty risk management solution for global commodity trading firms. The solution empowers management to more easily implement the firm’s credit policies across regions and businesses globally. Firm wide, all participants involved in the credit decision making process can use the platform to make optimum credit decisions while managing the associated risk.
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“We evaluated a number of commodity risk specialist technology providers and decided on Quantifi, given their expertise and capabilities in this space.They have also proven to be skilled collaborators, able to closely coordinate with our team.”Rick Bernstein, Senior Director, Global Credit Risk & Insurance