Raft International’s credit risk management solution, Raft Credit, has been adopted by Mirant Corp., a U.S. wholesale energy marketer, to manage all aspects of its credit risk and help meet legal and regulatory demands. The company will use the core Raft Credit solution for exposure management and reporting, sophisticated workflow and comprehensive collateral management. The system is expected to enhance Mirant’s existing internal control infrastructure for managing credit risk and aid it in achieving full compliance with the Sarbanes-Oxley Act of 2002. Separately, an undisclosed North American energy distributor and retailer, has also selected Raft Credit to manage all aspects of its credit risk and help meet legal and regulatory requirements, among them Sarbanes-Oxley and the new Standard & Poor’s reporting requirements for energy companies and utilities.

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