The Silicon Review
The global landscape for trade and trade finance is continuing to evolve rapidly. Erratic market growth and regulatory changes combined with rapid technological development bring both challenges and opportunity: As commodities and financial markets turn increasingly volatile or face dis-intermediation, being able to hedge foreign exchange exposure and having access to sophisticated management solutions are major considerations for organizations looking to optimize their trading activities. Trade finance institutions of tomorrow will need to embrace these changes with innovation, resting against firm foundations of time-tested techniques like the Master Risk Participation Agreement (MRPA).
Capital & Credit Risk Manager (CCRManager) is one such firm which is a global digital platform for the secondary trading of trade finance obligations, and will help banks to address balance sheet, ROE, and cost challenges. The CCRManager platform enables FIs and NBFIs to link their needs with a modern solution that enhances management of multiple asset classes with a robust and healthy ecosystem of trading partners.
Industry-Leading Trade Finance Services Offered
Open Distribution (OD): It enables optimal trade services and financing arrangements for Corporates and Financial Institutions. Send LC RFQs seamlessly and effortlessly to your existing counterparties and leverage on OD's recommendation engine and CCRManager's Inter-Bank Market to achieve optimal financing arrangements. It is a technology partner of Amazon Web Services (AWS) CCRManager's infrastructure configuration incorporates redundancy in all components to ensure system availability in the event of component failure. This High-Availability configuration is tested regularly through Business Continuity and Disaster Recovery exercise. System access to its servers is managed by a Privileged Access Management system, incorporating multiple layers of logical and physical security protections. Its support team monitors the platform around the clock, and any incidents will trigger alerts, allowing a quick response.
Trade Asset Management (TAM): Facilitates buying and selling of trade assets among Financial Institutions (FIs) and Non-Banking Financial Institutions (NBFIs) digitally. CCRManager takes online security very seriously. The company designs the solutions to meet the enterprise risk management standards of Financial Institutions. Its technology implementation, risk management, and security approach follow the Technology Risk Management (TRM) guidelines from the Monetary Authority of Singapore (MAS). It also engages an external auditor annually to ensure satisfactory compliance with OSPAR guidelines from The Association of Banks in Singapore (ABS).
Cyber-security Controls: The company actively monitors and block suspicious traffic (where required) to the CCRManager platform. Its cyber-threat protection uses next-generation firewalls, intrusion detection systems, anti-malware, distributed denial-of-service (DDoS) attack prevention, behavioral analytics, and anomaly detection. The company forces HTTPS connection for all communication between users and its platform, applying industry-standard protocols to encrypt data in transit. It also performs regular penetration testing and vulnerability scans to ensure security controls are always current and functioning as intended.
The Visionary Leader Upfront
TAN Kah Chye is the Executive Chairman and Chief Executive Officer of CCRManager. He serves as an independent board member and advisor for a select number of global organizations including International Chamber of Commerce (ICC) Academy and Markham Rae LLP.
Most recently, Kah Chye was the Chairman of the ICC Banking Commission, the leading industry body for the establishment of Trade Finance standards and policies. Under his leadership, ICC introduced the ICC Trade Finance Register to assist the industry in formulating the right Basel III capital adequacy policy. Kah Chye also co-founded the ICC Academy to provide industry leading business education.
With over 20 years of banking and asset management experience in Singapore, Frankfurt and London, Kah Chye’s career has included global P&L responsibilities at institutions including JPM Chase, Barclays Bank, Standard Chartered Bank, Deutsche Bank and Citibank. He also notably led the successful development of the world’s first synthetic securitization of trade finance assets.