SOURCE: Kamakura Corporation

Kamakura Corporation

May 12, 2011 09:00 ET

Kamakura Announces New KRIS Credit Crisis Liquidity Risk Data Base

Contains Data on 15,801 Fed Borrowings by 1,305 Institutions

NEW YORK, NY--(Marketwire - May 12, 2011) - Kamakura Corporation announced Thursday that it has begun offering the Kamakura Risk Information Services Credit Crisis Liquidity Risk Data Base ("KRIS CCLR") to clients in 34 countries. The data base contains the amount, origination date and maturity date of 15,801 borrowings by 1,305 institutions from the Federal Reserve during a key period in the recent credit crisis, February 8, 2008 to March 16, 2009. The data base was compiled from more than 200 documents released by the Board of Governors of the Federal Reserve in April, 2011 about "primary, secondary and other extensions of credit" by the Federal Reserve. Kamakura noted that the data provides essential insights on the liquidity risk and funding shortfall of the 1,305 firms in the data base. Liquidity risk measurement is a key element of assessing an institution's safety and soundness, capital adequacy, and compliance with the forthcoming Basel III capital adequacy and liquidity risk guidelines.

"For decades, financial institutions have tried to measure liquidity risk using their own deposit balance and rate histories," said Kamakura Corporation founder and chief executive officer Dr. Donald R. van Deventer. "Unfortunately, if the institutions have never faced their own liquidity crisis, the insights that can be gleaned are limited. The new KRIS CCLR data base is the first and only data base that describes exactly the daily funding shortfalls for 1,305 institutions during the credit crisis. The data is essential for accurately benchmarking risk simulations in Kamakura Risk Manager and other enterprise risk management systems."

Among the 1,305 firms in the data base, the daily funding shortfalls of these institutions are detailed exactly:

  • AIG
  • Bank of America
  • Barclays
  • Bear Stearns
  • Citigroup
  • Countrywide
  • Depfa
  • Dexia
  • Goldman Sachs
  • JP Morgan Chase
  • Lehman Brothers
  • Merrill Lynch
  • Morgan Stanley
  • Union Bank of California
  • US Central
  • Washington Mutual
  • Western Corporate Federal Credit Union

Kamakura will be launching a series of case studies on these and other financial institutions' liquidity risk and funding needs during the credit crisis. For an advance copy of these case studies or to request information and pricing on the KRIS Credit Crisis Liquidity Risk Data Base, please contact

David Boldon, Washington, D.C., 1-201-240-6235
Suresh Sankaran, London, 44- 07725-544-770
Toshio Murate, Tokyo, 81-090-8033-6755
Li Li, Shanghai, 86-21-6103-7052

To request information by e-mail, please contact info@kamakuraco.com. For a full list of the institutions covered by the KRIS Credit Crisis Liquidity Risk data base, please see

van Deventer, Donald R. Institutions that Used Primary, Secondary or Other Extensions of Credit From the Federal Reserve, February 8, 2008 to March 16, 2009, Kamakura blog, www.kamakuraco.com, May 4, 2011.

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has taken Credit Technology Innovation Awards from Credit Magazine each year since 2008. In 2010, Kamakura was the only vendor to win 2 innovation awards, one each with distribution partners Fiserv and Thomson Reuters. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.2, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service. The KRIS public firm default service was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 4000 corporates and sovereigns via the Reuters 3000 Xtra service and the Thomson Reuters Eikon service. Kamakura has served more than 200 clients ranging in size from $1.5 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 34 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv (www.fiserv.com), Sumisho Computer Systems (http://www.scs.co.jp/english/), Unisys (www.unisys.com), and Zylog Systems (www.zylog.co.in) making Kamakura products available in almost every major city around the globe.

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