Enron launched EnronCredit.com, a global online creditdepartment to provide live credit prices and enablebusiness-to-business customers to hedge credit exposure instantlyvia the Internet. EnronCredit.com helps businesses evaluate thecredit quality of their customers in real time and, beginning March8, will allow them to transact in bankruptcy swaps via Enron’sglobal Internet-based transaction system, EnronOnline.
“As e-commerce increases the number of transactions, as well asthe range of counterparties and the volatility in credit markets,companies need sophisticated credit risk management tools toevaluate and manage credit risk in real time,” said John Sherriff,president of Enron Europe. “EnronCredit.com allows companies tofocus on their core business activities and leaves the evaluationand management of credit risk to us.”
EnronCredit.com helps medium to large corporations across allindustries mitigate credit risk directly linked to their commercialcontracts on a real time basis. In order to use the full scope ofthe services offered on the website, users will first need toregister for a user name and password.
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