Malaysia Airlines Selects SunGard's Kiodex Risk Workbench to Help Manage Energy Price Risk
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New York, May 9, 2007- SunGard (http://www.sungard.com) today announced that Malaysia Airlines has chosen SunGard's Kiodex to help it better manage earnings volatility due to changes in fuel prices. Kiodex Risk Workbench provides consumers of energy, such as airlines, with a business process to help manage energy-price risk, design financial strategies and comply with best practice financial reporting and accounting policies. Kiodex Risk Workbench is a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting, and independent market data that includes representative prices, volatilities and volatility skews across the spectrum of commodity markets (http://www.sungard.com/kiodex).
Azmil Zahruddin, executive director and chief financial officer of Malaysia Airlines said, "With Kiodex, SunGard provides a single solution for pricing, ongoing valuation, and financial reporting. Kiodex's provision of independent trade pricing is expected to help us reduce our execution costs, and the cash flow-at-risk forward looking models will help us to improve the effectiveness of our fuel hedging portfolio in meeting our risk management objectives."
Ben Jackson, chief operating officer of SunGard's Kiodex business unit, said, "We are pleased to have Malaysia Airlines as a customer in Asia, working with our team in Singapore and Tokyo. A key feature for our airline customers around the globe is the level of price transparency that the Kiodex Risk Workbench provides with its valuation models and independent market data. Kiodex helps traders to price trades independently, without relying solely on counterparty information, thereby helping them save money on execution."
About Malaysia Airlines
Malaysia Airlines, (www.malaysiaairlines.com.my) the national carrier of Malaysia, is recognised as one of Asia's largest, flying more than 48,000 passengers to over 100 destinations across 6 continents everyday. It has won more than 100 awards in the last 11 years and holds a lengthy record of service excellence. Malaysia Airlines was the first airline to win the "World's Best Cabin Crew" by Skytrax UK consecutively from 2001 till 2004 and is rated a "5-star airline" by Skytrax, UK.
About Kiodex
A Web-based trading and risk management solution for commodities traders, Kiodex integrates deal capture and risk management capabilities with valuation models and independent market data. Traders, hedge funds and corporations with exposure to commodity prices use Kiodex to help measure risk, design optimal hedging strategies, improve price execution, and comply with accounting best practices. Visit Kiodex at www.sungard.com/kiodex.
About SunGard
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Kiodex 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.
