Credit Risk Teams require a complete and accurate view of every counterparty to assess exposures, set limits, and monitor concentration risk. They need to be confident that counterparty information is correct, hierarchies are up to date, and ownership structures are properly captured so exposures at both entity and consolidated levels can be monitored.

Front Office Trading & Sales also depend on the same reliable counterparty view to make sure trades are booked to the right legal entity, preventing errors that misstate credit exposure or breach limits.

Both groups need a single, trusted version of counterparty information so they can balance speed of execution with control and compliance.

The governance process is used to approve new products and manage their lifecycle in a controlled, auditable way. For the Front Office, it provides a reliable path to bring products to market quickly, ensuring approved offerings flow consistently into trading, booking, and client servicing systems.

For Risk Management & Compliance, it enforces structured review and mandatory approvals so no product launches without proper validation. The same framework governs all changes to terms, features, or documentation, ensuring modifications are logged, approved, and distributed consistently across the bank.

The process is used to establish a single, accurate, and consistent view of counterparties across the bank. For the Front Office, it ensures booking accuracy, reduces operational risk, and avoids misallocations that could obscure true exposures.

For Credit Risk, it enables precise measurement of aggregate exposures, enforcement of credit limits, and transparency into client groups, industries, and geographies. These are critical for internal risk appetite monitoring as well as compliance with regulatory obligations such as large exposures rules.

Unified Counterparty View for Accuracy: Reconciles and maintains a consistent record of counterparties and their associated hierarchies, ensuring all teams refer to the same trusted information.

Group Structure Insight for Transparency: Establishes ownership links and consolidations so exposure can be measured both at the entity level and across ultimate parent groups.

Quality & Control for Governance: Ensures data used in exposure and limit monitoring is complete, validated, and auditable, reducing risk of errors or reliance on incomplete records.

Consistent Distribution for Alignment: Makes accurate counterparty and hierarchy information available across trading, risk, and reporting systems so calculations and decisions are aligned front to back.

Exposure Oversight for Compliance: Supports monitoring and reporting of concentrations by client, sector, or geography, helping risk teams maintain compliance and strengthen governance.