Bureau van Dijk Electronic Publishing Ltd

RiskCalc

RiskCalc offers a comprehensive approach to assessing credit risk of private companies and financial institutions. Utilising the largest existing default database with 4m+ defaults on record and quantitative models trained on 135m+ financial statements, our models generate accurate forward-looking probability of default, loss given default, and expected loss credit measures.

Features

• 35+ Country-specific models to guarantee relevant data for model training
• Global applicability across all industries and various asset classes
• Models powered by the largest private company and default database
• Provides a transparent white-box approach to modelling with explanatory analytics
• Delivers comprehensive methodology and model validation reports
• Assess risk Through-the-Cycle or at Point-in-time approaches
• Offers flexibility to incorporate qualitative factors into a quantitative framework
• Display ratio diagnostics including each ratio’s contribution and sensitivity
• Provides one-year through five-years credit risk assessments
• Map credit metrics to implied letter-grade scoring measures

Benefits

• Provides an understanding of the risk drivers of private companies
• Captures local default risk factors with an early warning system
• Compares counterparties against industry and regional peer groups
• Monitors credit cycle changes from month-to-month between financial reporting periods
• Set up alerts to automate monitoring of the risk changes
• Scalability and quick response time on large sample sizes
• Pre-populated financial statements from the largest private company database
• Ability to upload, save, and download proprietary data
• Deliverable via a website UI or through an API feed
• Leverages Moody’s Analytics market leadership and best practice expertise

£39,500 to £200,000 a licence a year

• Free trial available

Service documents

• Pricing document

  PDF

• Service definition document

  PDF

• Terms and conditions

  PDF

Request an accessible format

If you use assistive technology (such as a screen reader) and need versions of these documents in a more accessible format, email the supplier at uk@bvdinfo.com. Tell them what format you need. It will help if you say what assistive technology you use.

Framework

G-Cloud 13

Service ID

535616584558429

Contact

UK marketing team
02075495000
uk@bvdinfo.com

Service scope

• Software add-on or extension: Yes, but can also be used as a standalone service
• What software services is the service an extension to: A Microsoft Excel plug-in
• Cloud deployment model: Private cloud
• Service constraints: Not applicable.
• System requirements:
  • Google Chrome version 50 or higher
  • Internet Explorer 9 or higher
  • Firefox, Safari, and Edge supported

User support

• Email or online ticketing support: Email or online ticketing
• Support response times: Emails are monitored Monday to Friday during business hours. We aim to respond to all enquiries within 48 hours.
• User can manage status and priority of support tickets: No
• Phone support: Yes
• Phone support availability: 9 to 5 (UK time), Monday to Friday
• Web chat support: No
• Onsite support: Onsite support
• Support levels: All clients are assigned a dedicated Relationship Manager, and will be given direct contact details for them. Product training is included (both onsite and remote) as part of all our subscriptions. You will have a product specialist and solutions specialist assigned to your account who have in-depth knowledge of the models and its functionalities; you can access both specialists cost-free with no limitations on time of or number of touchpoints. Helpdesk support is provided to all customers without additional cost. Our helpdesk team is available by phone and email to help with any questions relating to data, tools and integration.
• Support available to third parties: Yes

Onboarding and offboarding

• Getting started: Initially training is done onsite with subsequent onsite training done when required (normally a couple of times a year or when new joiners start). We also can do training over Zoom/Teams if preferred. Finally we have user documentation including video tutorials built within RiskCalc.
• Service documentation: Yes
• Documentation formats: PDF
• End-of-contract data extraction: Access to the service is switched off at the end of contract. Users can export content in line with the contract up until this point.
• End-of-contract process: Access to the product is terminated.

Using the service

• Web browser interface: Yes
• Supported browsers:
  • Internet Explorer 11
  • Microsoft Edge
  • Firefox
  • Chrome
  • Safari
  • Opera
• Application to install: No
• Designed for use on mobile devices: No
• Service interface: Yes
• User support accessibility: None or don’t know
• Description of service interface: The website UI is supported by an Angular and HTML5 framework.
• Accessibility standards: None or don’t know
• Description of accessibility: APIs endpoints are exposed to enable you to integrate your systems with different RiskCalc features to calculate Expected Default Frequency (EDF) and Loss Given Default (LGD) metrics.
• Accessibility testing: Not Applicable
• API: Yes
• What users can and can't do using the API: APIs endpoints are exposed to enable you to integrate your systems with different RiskCalc features to calculate Expected Default Frequency (EDF) and Loss Given Default (LGD) metrics.
• API documentation: Yes
• API documentation formats:
  • HTML
  • PDF
• API sandbox or test environment: No
• Customisation available: No

Scaling

• Independence of resources: Client services are logically separated. Pre-emptive monitoring of services ensure spikes in usage between clients do not impact the service as a whole.

Analytics

• Service usage metrics: Yes
• Metrics types: Metrics show how the application is accessed (e.g. website, API, or batch processing), the model or feature used including the date it was used, and the number of times it was used.
• Reporting types: Reports on request

Resellers

• Supplier type: Not a reseller

Staff security

• Staff security clearance: Conforms to BS7858:2019
• Government security clearance: None

Asset protection

• Knowledge of data storage and processing locations: Yes
• Data storage and processing locations: Other locations
• User control over data storage and processing locations: No
• Datacentre security standards: Managed by a third party
• Penetration testing frequency: At least once a year
• Penetration testing approach: Another external penetration testing organisation
• Protecting data at rest: Other
• Other data at rest protection approach: Data at rest is encrypted with 256-bit AES.
• Data sanitisation process: Yes
• Data sanitisation type: Deleted data can’t be directly accessed
• Equipment disposal approach: In-house destruction process

Data importing and exporting

• Data export approach: Company reports can be exported into Microsoft Excel (CSV), or PDF.
• Data export formats: CSV
• Data import formats: CSV

Data-in-transit protection

• Data protection between buyer and supplier networks:
  • TLS (version 1.2 or above)
  • Other
• Other protection between networks: HTTPs (SSL) and TLS 1.2 protocols are used to protect data in transit; dual firewall configurations are also in use.
• Data protection within supplier network:
  • TLS (version 1.2 or above)
  • Other
• Other protection within supplier network: HTTPs (SSL) and TLS 1.2 protocols are used to protect data in transit; dual firewall configurations are also in use.

Availability and resilience

• Guaranteed availability: Moody's Analytics maintains a 99% uptime for the RiskCalc product.
• Approach to resilience: A business continuity plan (i.e. disaster recovery) is in place in cases of severe disruption and loss of data.
• Outage reporting: Clients who encounter an outage can contact the Client Support and Services team to report the issue.

Identity and authentication

• User authentication needed: Yes
• User authentication: Username or password
• Access restrictions in management interfaces and support channels: RiskCalc supports two roles: administrator and user. A user can access all screens except Settings. The Administrator has access to all screens including Settings. Changes to Settings screens can affect results so Moody's Analytics recommends this role be limited to a select few individuals.
• Access restriction testing frequency: At least once a year
• Management access authentication: Username or password

Audit information for users

• Access to user activity audit information: No audit information available
• Access to supplier activity audit information: No audit information available
• How long system logs are stored for: At least 12 months

Standards and certifications

• ISO/IEC 27001 certification: Yes
• Who accredited the ISO/IEC 27001: BSI
• ISO/IEC 27001 accreditation date: 14/07/2017
• What the ISO/IEC 27001 doesn’t cover: N/A
• ISO 28000:2007 certification: No
• CSA STAR certification: No
• PCI certification: No
• Cyber essentials: No
• Cyber essentials plus: No
• Other security certifications: No

Security governance

• Named board-level person responsible for service security: Yes
• Security governance certified: Yes
• Security governance standards: ISO/IEC 27001
• Information security policies and processes: Moody's Analytics does not provide standards, policies or procedures to external parties.

Operational security

• Configuration and change management standard: Conforms to a recognised standard, for example CSA CCM v3.0 or SSAE-16 / ISAE 3402
• Configuration and change management approach: System and configuration changes, including major and minor releases and bug fixes, are managed through a formal change and release management procedure tracked through JIRA, a centralized Agile project management tool. Changes are requested, approved, implemented, and tracked throughout the release cycle. Application change management policies and procedures are aligned with Moody's Analytics software development life cycle approach.
• Vulnerability management type: Supplier-defined controls
• Vulnerability management approach: Moody's Analytics routinely performs scans of both its environments and the RiskCalc application to identify, evaluate, and remediate vulnerabilities and threats. An external service provider also performs annual penetration tests of Moody's environments and the RiskCalc application to identify specific threats and vulnerabilities to benchmark them against leading cybersecurity practices. Vulnerabilities and threats are continually monitored, identified, tracked, and prioritised for remediation.
• Protective monitoring type: Supplier-defined controls
• Protective monitoring approach: The RiskCalc application is monitored 24 hours a day by an end point protection and intrusion prevention system (IPS) which correlates events with a global threat cloud that is continuously updated with known and emerging threats and escalates significant events with alerts. Moody's Cyber Fusion team reviews alerts via a security information and event management (SIEM) tool. In the event that an actionable threat is identified, a security incident is declared and the security incident response plan is invoked.
• Incident management type: Supplier-defined controls
• Incident management approach: Moody's supports and continually enhances its incident response policies and plan to define security event and incident types, roles and responsibilities, and responses to events and incidents, including preparation, detection, analysis, declaration, containment, and eradication and recovery. Automated system monitoring processes are in place to help detect incidents and alert Moody's teams 24 hours a day, 7 days a week. Network traffic events are logged to support historical or current incidents. Logs are collected from relevant systems, are stored for a specific amount of time, and require periodic verification of the quality of the logs collected.

Secure development

• Approach to secure software development best practice: Supplier-defined process

Public sector networks

• Connection to public sector networks: No

Social Value

• Fighting climate change:

  Fighting climate change

  Moody’s Corporation (NYSE:MCO) announced in July 2021 that it received an ‘A’ score from CDP on climate action for the second consecutive year. The top score recognizes Moody’s as one of a small number of high-performing companies out of nearly 12,000 that are leading actions to cut emissions, mitigate climate risks and develop the low-carbon economy. In 2021, Moody’s accelerated its commitment to achieve net-zero emissions by 2040, bringing its original target forward by ten years, and advanced its validated, interim net-zero science-based targets.
• Equal opportunity:

  Equal opportunity

  Our diversity strategy focuses on hiring diverse candidates and elevating non-traditional employees to leadership positions, with a focus on empowering women leaders on a global scale and increasing the racial and ethnic makeup of our employees and leaders globally. We take a holistic approach to this work by implementing comprehensive education programs, such as diversity trainings, as well as specialized programs for historically marginalized groups, including Business Resource Groups (BRGs). We also encourage Courageous Conversations and institute DE&I accountability measures to help move us from awareness to impact. We acknowledge the opportunity for the financial services industry to do more in promoting a diverse and inclusive workplace, and we recognize the responsibility we have to our employees, customers, stakeholders, and society to advance our diversity strategy.

Pricing

• Price: £39,500 to £200,000 a licence a year
• Discount for educational organisations: No
• Free trial available: Yes
• Description of free trial: We offer free trials to new organisations or teams that are interested in testing the solution. Trials normally last up to a week and the only limitation is the ability to export information.

Service documents

• Pricing document

  PDF

• Service definition document

  PDF

• Terms and conditions

  PDF

Request an accessible format

If you use assistive technology (such as a screen reader) and need versions of these documents in a more accessible format, email the supplier at uk@bvdinfo.com. Tell them what format you need. It will help if you say what assistive technology you use.