21 March 2018
visit www.nextgenbanking.co.uk

Banque de France and Banco de Espana implement Calypso treasury and trading tech

02 April 2014  |  1441 views  |  0 Source: Calypso Technology Inc.

Calypso Technology Inc., the leading integrated capital markets platform provider, announced today that two European central banks, Banque de France and Banco de España, have jointly selected Calypso as their core treasury and trading system.

The institutions will implement the Calypso system to manage their FX activities, portfolio management, reserve management, collateral management, risk management and accounting.

Both Banque de France and Banco de España initiated the Market Activities Processing System ("MAPS") project in 2013 to replace legacy systems. Banque de France and Banco de España sought out a flexible solution that could enable greater coordination and efficiencies across all bank
functions, from front office to accounting, including foreign exchange reserve management and portfolio management.

After a restricted tender process, the two central banks selected Calypso in light of its strong technical fit, cross asset end-to-end functionality and ability to support capital markets operations of multiple central banks on one single platform, shared as a common system, while fulfilling strict data segregation requirements.

The Calypso solution will support FX and FX derivatives, fixed income, money market instruments, interest rate derivatives, credit derivatives, precious metals and equities seamlessly from pricing and portfolio management to collateral management and accounting.

Calypso Professional Services will implement the Calypso system at Banque de France and Banco de España to ensure complete management of market operations. As Calypso Chairman and CEO Charles Marston explains, "We look forward to enabling Banque de France and Banco de España to achieve their business objectives and furthering Calypso's position as a trusted partner to central banks and sovereign institutions around the globe. We expect that other central banks both within the Eurozone and worldwide will closely monitor this endeavor."

Banque de France and Banco de España are the most recent additions to Calypso's roster of central bank or sovereign institution customers, which include the Hong Kong Monetary Authority and the Bank of Korea 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.facebook.com/business/Visit www.nextgenbanking.co.ukVisit www.vasco.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12829 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10678 views comments | 31 tweets | 40 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10265 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9859 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9730 views comments | 12 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job