Contract I: Rating and Data Solution — Global Scale
EKF Danmarks Eksportkredit (‘the Customer’) is Denmark’s export credit agency. The Customers objective is to facilitate Danish companies’ internationalisation opportunities and to create growth and jobs in Denmark. The Customer helps Danish enterprises to realise their export dreams by providing export credits, working capital guarantees and export loans to enable them to finance their activities and cover commercial and political risks in their export markets. The Customer is the only organisation in Denmark that provides cover for extraordinary export risks that the private market is unable or unwilling to guarantee or provide financing to. The Customer operates with a long-term perspective and the risk exposure necessary in countries and markets where the political and commercial situation may be uncertain. The Customer is utilising various score card models developed by internationally recognised credit rating agencies in the credit risk assessment and internal rating of corporate risk and project financing transactions. As part of present agreements, the Customer also has access to databases with financial information and external ratings of corporates and financial institutions. Rating results from these tools are used in internal communication of credit risk and in the decision making and pricing of new transactions, for ongoing portfolio monitoring purposes and in communication with the owner of the Customer, auditors and the reinsurance market. EKF is looking for a rating and data solution which covers the following main functional areas, all described in Appendix 1 for contract I: A. rating coverage and rating scale, B. coverage of country risks in the rating models, C. requirement for quantitative and qualitative inputs, D. back testing and workshops, E. financial data base.
€ 1.1 Million