EL AL MANAGES MULTI-ASSET RISK EXPOSURE USING SD-CORP

Dino D'Amore
By Dino D'Amore February 11, 2011 17:45

EL AL MANAGES MULTI-ASSET RISK EXPOSURE USING SD-CORP

Israel airline El Al has selected SD-Corp from risk management and multi-asset front office solution provider SuperDerivatives (SD), to manage its exposures to jet fuel, currencies and interest rates.

Amir Mazover, fuel manager at El Al says: “In order to enhance our risk management operations, we required a robust set of tools that would allow us to hedge exposures across a wide variety of assets, including a number of very illiquid OTC jet fuel products. Fluctuation in fuel prices remains one of the greatest challenges facing the airline industry today.

“In addition we needed to be able to independently value our book on a real-time basis and gain a better understanding of the risk associated with our portfolio. One of our key requirements was the ability to run a wide variety of scenario analyses in order to effectively assess the risk on our positions and develop hedging strategies. SD delivers this and more.”

SD will provide El Al with a company exposure management platform, assets analytics, deal trading and booking capabilities, mark-to-market, accounting and risk reports on all the assets it is exposed to.

The company chose SD for its complete solution for managing company exposure, wide coverage of assets and derivative types, the accuracy of its independent pricing model, and its user-friendly SaaS capabilities.

Shelley Golan, senior product specialist at SD says:: “SD levels the playing field for companies such as El Al, equipping them with an advanced solution to manage their exposures and optimise their hedging decisions and results, as well as enabling a high level of compliance with accounting and regulatory requirements.

“Our web-based system combines real-time pricing for a wide range of assets, including almost all energy products available in the market with 24/7 support – it really is a one stop shop for managing all corporate exposure.”

El Al will be able to manage its energy risk profile at the same time as currencies and interest rates.

Dino D'Amore
By Dino D'Amore February 11, 2011 17:45
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