Unisys Corp. said it has struck a distribution agreement with the Honolulu-based risk management firm Kamakura Corp.

Through the alliance, the Kamakura Risk Manager products will be marketed in Europe, the Middle East, Africa, and selected territories in the Asia-Pacific region, Central America, and South America.

The analytical software presents risk and investment managers, securities traders, and derivatives dealers with numerous options for valuing and hedging very complex securities. The system can interface with a broad range of banking platforms including Unisys' FBA Urbis.

Kamakura's global client base includes six of the 10 largest banks in the world, and 41 of the top 50 are Unisys customers.

"Risk management is a vital element in the solution requirements of any financial institution, and we are determined to ensure that we have the broadest range of risk management facilities available around the world," said Mervyn Kelly, head of the Unisys international banking services center.

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