Credit Suisse Adds New Services To Insurance Hedging Platform

Oct 15, 2013, 09:30 ET from Credit Suisse AG

LONDON, Oct. 15, 2013 /PRNewswire/ -- Credit Suisse has added a new administration and trading service to its iCPPI hedging platform to help insurance companies more efficiently manage the risks in their protected insurance products.

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The new service, developed in collaboration with SunGard, will allow insurance companies to manage the risks on each individual insurance product account simply and effectively.     

Insurance companies increasingly want to offer customers flexible investment products which provide customers with a wide degree of investment choice, including for capital-protection of the investment, but are also looking for the most efficient way to manage the investment risks these instruments entail.  Credit Suisse's iCPPI Platform offers these companies the ability to protect each customer's individually tailored account using a highly-effective investment rebalancing and hedging mechanism.

However, iCPPI has traditionally required large data transfers by the insurance company which may place strains on their infrastructure and systems. The new service added to the iCPPI Platform has been developed with SunGard to allow insurance companies to easily and efficiently handle that data flow and associated trading activities.        

"The new service added to our iCPPI platform will provide insurance companies with the ability to offer customers a wide range of individual investment choices which are protected against future losses in a simple and efficient manner," said Mounir Elarchi, Co-Head of the Fund Linked Products business at Credit Suisse in London.

"As protected investment and income options become more prevalent, costly modifications are required for record keeping and trading systems to support them," said Bob Santella, president of SunGard's brokerage business. "SunGard's retirement income solution helps reduce the operational and technology challenges associated with the adoption of these products, while offering flexibility, portability and fewer implementation barriers for record keepers that want to offer these products."

The new administration and trading service for the iCPPI Platform is built on SunGard's Global Network and iWorks retirement income solution.  The service provides connectivity, transaction processing, investor administration, and configurable product definition capabilities to monitor and manage the capital protection requirements of each individual investor.    

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,900 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at


SunGard is one of the world's leading software and technology services companies. SunGard serves approximately 25,000 customers in more than 70 countries and has approximately 17,000 employees. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of over $4.0 billion, SunGard is one of the largest privately held IT software and services companies. For more information, please visit

SunGard, the SunGard logo, iWorks and SunGard Global Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.

SunGard's SGN brokerage services offered in the United States and Canada are provided by SunGard Institutional Brokerage Inc., Member FINRA, SIPC.

SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited which is authorized and regulated by the Financial Conduct Authority, No. 469919 - Incorporated and registered in England and Wales No. 3127109 - Registered Office: 25 Canada Square, London E14 5LQ.

SunGard Global Execution Services Limited (ARBN No. 132 508 742) is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the Financial Conduct Authority under UK laws, which differ from Australian laws.


SOURCE Credit Suisse AG