GMAC chooses CAPcalc VT - January 2007
Thursday, November 01, 2007 |
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Helping Customers Making Better Business Solutions |
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January 2007
GMAC chooses CAPcalc VT to provide current and future residual values transparency
World-leading financial services provider GMAC has added CAPcalc VT to its suite of systems to manage the current and future residual value risk on its PCP portfolio.
Based on CAPcalc, the market-leading fleet revaluation tool from CAP, CAPcalc VT brings full awareness and transparency to lenders' exposure in relation to factors such as guaranteed minimum future value in a PCP context or voluntary termination of car finance agreements.
For GMAC the CAPcalc VT application has brought transparency to its VT and guaranteed future value risk positions and PCP management processes.
Senior Credit Risk Analyst, Phil Quinn, said: "CAP calc VT is a simple but effective tool allowing us to perform complicated analysis on a large volume of data in a matter of a few minutes."
Notes:
CAPcalc VT delivers current and future used values for large fleets in minutes, enabling analysis of current and future VT risk. The Windows-based system also enables users to identify levels of risk based on finance term, region and even car type, make or model.
GMAC is one of the world's largest financial services companies, with business lines in automotive finance, commercial and residential mortgages, and insurance. GMAC has operations in over 40 countries. Since its inception in 1919, it has extended more than US$1.4 trillion in credit to help finance more than 162 million vehicles worldwide. |
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