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Create free accountExport Development Canada (EDC) has a requirement to replace certain legacy risk tools, while modernizing and converging on a single Credit Model and rating management platform supporting multiple capabilities. This modernized single platform will include cloud-based integrated capabilities as well as economic and financial market data/analytics data to support the development of its IFRS9 PD Model/ECL calculation. This Platform will allow EDC to undertake more efficient internal modelling, validation, and risk analysis in a centralized and converged platform. This modernization to these critical Credit models and rating management platform includes a robust scope and will ensure EDC’s model suite is governed in a well-controlled IT environment. Core functions of the solution will include robust risk rating workflow approvals, ECL functionality, economic scenario generator functionality, and the potential for automated financial spreading using machine learning/AI, ESG/Climate Risk modelling and data, with potential to provide Asset and Liability Management capabilities
Not stated in the notice: procurement type, procurement method, selection criteria, region of delivery, region of opportunity, expected contract period, end user
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