SunGard Trading and Risk Systems has upgraded its Credient global credit risk management and control software, which includes support for credit derivatives - one of the fastest-growing sectors of the debt and credit markets.

Positions in credit derivatives, which ease the transfer and repackaging of credit risk, grew from $108bn (€102bn) in notional principal in 1998 to $1.6 trillion in June 2002, according to the International Swaps and Derivatives Association.