Shin Kong Financial Holding Co Ltd chooses Algorithmics for enterprise market risk management

Taipei/Toronto/London - September 15, 2008 -

Algorithmics today announced that Shin Kong Financial Holding Co, Ltd (SKFH), the Taiwanese financial services group, has chosen Algorithmics' market risk solution for enterprise risk management across the whole group. SKFH is a financial holding company with five subsidiaries spanning insurance and banking: Shin Kong Life Insurance Co., Ltd. (SKL), Taiwan Shin Kong Commercial Bank Co., Ltd. (SKB), Shin Kong Securities Co., Ltd. (SKSC), Shin Kong Investment Trust Co., Ltd. (SKIT), and Taiwan Shin Kong Insurance Brokers Co., Ltd. (SKIB).

Algorithmics' market risk solution, Algo Market Analytics, covers more than 20 global markets and over 400 financial products, spanning fixed income, foreign exchange, equity, credit, energy, commodity, and derivatives instruments.

SKFH's CRO, Dr. Grace Chu, said: "We chose Algorithmics because we wanted a best-of-breed market risk engine to support our strategic enterprise-wide risk management initiative. Our goal is to have a consistent and comparable risk measure across all our different businesses.

"Algo Market Analytics provides us with a market risk solution that can run best-practice, technologically advanced, intra-day market risk analytics quickly and efficiently and in a manner that is consistent with Basel II requirements. The solution is flexible, scalable and will improve our current risk management decision support tools."

Dr Andrew Aziz, Algorithmics Executive Vice President of Risk Solutions, added: "I am pleased to welcome Shin Kong Financial Holding Co Ltd as a client. Algorithmics continues to build its presence and its reputation for best practice risk management in Asia. In particular, we have grown our Taiwanese team to address this project and better service our clients there.

"We will be implementing Algo Market Analytics across all the businesses in SKFH as part of its enterprise-wide risk management initiative. Having a consistent measure of risk across the enterprise will help SKFH better measure, control and manage its market risk to achieve its business and regulatory objectives."

For more information about Algorithmics' market risk management solutions, please visit: www.algorithmics.com/EN/solutions/myinterests/marketrisk.cfm

For further information please contact:
Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line: +44 (0) 20 7392 5820  Mobile: +44 (0) 7515 974223
E-mail: Heather.smith@algorithmics.com

Notes to Editors:

Shin Kong Financial Holding Co., Ltd. (SKFH) was founded on February 19, 2002 with headquarters at the Shin Kong Life Tower, the financial landmark of downtown Taipei. With a vision to provide comprehensive customer services, SKFH has continuously grown and developed. Today, there are five subsidiaries under the financial holding company: Shin Kong Life Insurance Co., Ltd. (SKL), Taiwan Shin Kong Commercial Bank Co., Ltd. (SKB), Shin Kong Securities Co., Ltd. (SKSC), Shin Kong Investment Trust Co., Ltd. (SKIT), and Taiwan Shin Kong Insurance Brokers Co., Ltd. (SKIB).

SKFH provides a full range of financial products and services through its subsidiaries in life insurance, banking, securities, asset management and non-life insurance brokerage and delivers these products through an extensive distribution network (including 366 outlets of SKL, 108 branches of SKB, and 7 outlets of SKSC) to 5 million customers.

Beyond Taiwan, Shin Kong Life Insurance (SKL) has established offices in Shanghai and Beijing. It has also obtained permission from the CIRC to form a joint venture insurance subsidiary with Hainan Airlines to tap the huge Chinese market. The venture, which is scheduled to begin operations in 2008, will have an initial capitalization of RMB500 million and be headquartered in Beijing. In Hong Kong, SKB has established a finance company to provide a fund management platform for Taiwanese enterprises. SKFH has also set up banking and insurance offices in the high-potential market of Vietnam.

For decades, Shin Kong group has been cultivating markets, accumulating experience, and building a reputation for excellence. Going forward, the company will continue to provide customers with industry-leading financial services. http://www.skfh.com.tw/en/

Algorithmics is the world's leading provider of risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group. www.algorithmics.com

Algo Market Analytics supports market risk capital measurement, management and mark-to-market, enabling calculation of minimum capital under standardized and internal model approaches. Algo Market Analytics captures and consolidates exposures arising from multiple risk factors including interest rates, equity markets, credit spreads, volatilities, FX, power and commodities.

The range of risk analytics offered includes stress testing, simulation-based scenario generation, aggregation, drilldown and portfolio optimization. Since 1996, firms have used Algo Market Analytics to secure regulatory approval for their Internal Models Approach (IMA).

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings' global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com www.algorithmics.com and www.fimalac.com

© 2008 Algorithmics Software LLC. All rights reserved. ALGO, ALGORITHMICS, Ai & design, ALGORITHMICS & Ai & design, KNOW YOUR RISK, MARK-TO-FUTURE, RISKWATCH, ALGO ALM, ALGO COLLATERAL, ALGO CREDIT ADMINISTRATOR, ALGO CREDIT DATA SERVICES, ALGO CREDIT ECONOMIC CAPITAL, ALGO CREDIT EXPOSURE, ALGO CREDIT LIMITS, ALGO CREDIT REGULATORY CAPITAL, ALGO CREDITVANTAGE, ALGO ETREASURY CREDIT, ALGO FIRST, ALGO MARKET ANALYTICS, ALGO OPDATA, ALGO OPVAR, ALGO RECONCILIATION, ALGO RISK, ALGO RISK SERVICE, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.


新光金控選擇 Algorithmics 市場風險解決方案進行企業風險管理

臺北/多倫多/倫敦 - 2008 年 9 月 15 日訊 - Algorithmics 今天宣佈,臺灣的金融服務集團,新光金融控股股份有限公司 (SKFH) 已經選擇 Algorithmics 的市場風險解決方案進行整個集團內的企業風險管理。新光金控是一家金融控股公司,旗下的五家子公司覆蓋人壽保險、銀行、證券等業務領域:新光人壽(SKL)、新光銀行 (SKB)、新壽證券(SKSC)、新光投信(SKIT) 和新光保經(SKIB)。

Algorithmics 的市場風險解決方案 Algo Market Analytics,面向企業級市場風險管理,覆蓋全球 20 多個市場中的 400 余種金融產品,包括固定收益、外匯、股本、信用、能源、商品和衍生工具等。

新光金控風險控管長儲蓉博士指出:「新光之所以選擇 Algorithmics,是因為需要符合新光產品組合的市場風險引擎,以支援戰略性企業風險管理行動計畫。新光的目標是在不同業務間實施一致性且可相互比較的風險計量。

Algo Market Analytics 提供了符合新光現況需求的市場風險解決方案,使新光得以快速、有效地進行每日市場風險分析。這一解決方案靈活且具擴充性,將改進我們現有的風險管理決策支援工具。」

Algorithmics 風險解決方案執行副總裁 Andrew Aziz 博士補充道:「我們非常榮幸能夠為新光金控提供解決方案。Algorithmics 正在亞洲地區持續擴大其業務存在,並加強其最佳風險管理實踐的聲譽。我們特地在臺灣地區組建團隊以開展這一專案,並更好地為我們的客戶提供服務。

作為新光金控的企業風險管理行動計畫的組成部分,我們將在其所有業務中實施 Algo Market Analytics。透過在企業內採取一致的風險計量手段,將幫助新光金控更好地計量、控制和管理其市場風險,以實現其業務和監管目標。」

有關 Algorithmics 市場風險管理解決方案的更多資訊,請訪問:
http://www.algorithmics.com/EN/solutions/myinterests/marketrisk.cfm

結束

有關進一步資訊,請聯絡:

Heather Smith, 高級溝通經理,Algorithmics (UK) Ltd
直撥電話:+44 (0) 20 7392 5820 移動電話:+44 (0) 7515 974223
電子郵件:Heather.smith@algorithmics.com

編輯說明:
新光金融控股股份有限公司 (SKFH) 成立於 2002 年 2 月 19 日,總部位於臺北市金融地標-新光人壽保險摩天大樓。新光金控為客戶提供最完善的金融服務,並不斷茁壯成長,現旗下轄有五家子公司:新光人壽保險股份有限公司 (SKL)、臺灣新光商業銀行股份有限公司(SKB)、新壽綜合證券股份有限公司 (SKSC)、新光證券投資信託股份有限公司 (SKIT) 和臺灣新光保險經紀人股份有限公司 (SKIB)。

新光金控金融版圖完整,旗下子公司提供壽險、銀行、證券、資產管理及產險等產品及服務,透過新光人壽遍佈全臺灣 366 個分支機搆、新光銀行 108 家分行及新壽證券 7 個營業據點,直接服務新光集團 500 多萬客戶。

在臺灣以外的佈局方面,新光人壽 (SKL) 除已於上海及北京設立辦事處外,更已獲大陸保監會 (CIRC) 核准,與海南航空合組壽險子公司,攜手開拓全球最大的華人市場。初期資本額為人民幣 5 億元,總部設於北京,預計 2008 年年中開業。新光銀行 (SKB) 在香港設有財務公司,提供台商資金調度平臺。另外,看中未來越南的成長潛力,銀行及壽險在越南均設有代表處。

新光集團已耕耘市場數十年,不斷累積經驗及信譽。往後也將持續秉持誠摯的心,為客戶提供最好的服務,成為客戶心中卓越的金融服務機構。http://www.skfh.com.tw/.

Algorithmics 是全球領先的企業風險解決方案提供商。公司為全球眾多金融機構提供軟體、分析和諮詢服務,幫助它們制定風險相關的商業決策,在滿足監管要求的同時,實現股東價值最大化。Algorithmics 擁有一支強大的全球風險專家團隊,遍佈所有主要金融中心,面向市場、信用和運營風險管理以及抵押品與資本管理,專門提供成熟高效、屢獲殊榮的解決方案。Algorithmics 是 Fitch Group 的成員。www.algorithmics.com

Algo Market Analytics 支援市場風險資本計量、管理和按市價計值,可在標準和內部模型方法下計算最小資本。Algo Market Analytics 採集並整合來自多個風險要素的敞口,包括利率、股本市場、信用息差、波動率、外匯、能力和商品等。

它提供的風險分析手段包括壓力測試、基於模擬的情景生成、匯總、向下鑽取及組合優化等。從 1996 年起,很多機構就開始採用 Algo Market Analytics 來進行內部模型法 (IMA) 的監管審批。

Fitch Group 是 Fitch Ratings 的母公司,後者是一家專門為全球信用市場提供獨立和富有遠見的信用觀點的全球性評級機構。Fitch Ratings 在全球設有 49 個辦事處,其全球專業經驗覆蓋 150 多個國家/地區的資本市場。Fitch Ratings 的總部設在紐約和倫敦。

Fitch Group 旗下還包括:作為 Fitch Ratings 產品分銷管道和資料、分析及相關服務提供商的 Fitch Solutions;全球領先的企業風險解決方案提供商 Algorithmics。

Fitch Group 是總部位於法國巴黎的 Fimalac, S.A 的控股子公司。
有關更多資訊,請訪問 www.fitchratings.comwww.algorithmics.comwww.fimalac.com

© 2008 Algorithmics Software LLC.保留所有權利。ALGO、ALGORITHMICS、Ai & design、ALGORITHMICS & Ai & design、KNOW YOUR RISK、MARK-TO-FUTURE、RISKWATCH、ALGO ALM、ALGO COLLATERAL、ALGO CREDIT ADMINISTRATOR、ALGO CREDIT DATA SERVICES、ALGO CREDIT ECONOMIC CAPITAL、ALGO CREDIT EXPOSURE、ALGO CREDIT LIMITS、ALGO CREDIT REGULATORY CAPITAL、ALGO CREDITVANTAGE、ALGO ETREASURY CREDIT、ALGO FIRST、ALGO MARKET ANALYTICS、ALGO OPDATA、ALGO OPVAR、ALGO RECONCILIATION、ALGO RISK、ALGO RISK SERVICE 和 ALGO SUITE 均為 Algorithmics Trademarks LLC 的商標。

Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com