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OCBC to manage FX margin trading with FSS' MarginTrac

07 November 2003  |  4465 views  |  0 OCBC to manage FX margin trading with FSS' MarginTrac

Oversea-Chinese Banking Corporation (OCBC) has selected Financial Software Systems' MarginTrac system to manage its foreign exchange margin trading business.

OCBC initially will install MarginTrac in its Singapore office running on a Windows 2000 platform and utilising Microsoft's SQL 2000 database server. The software will provide the bank with P&L calculations, management of client collateral, calculation of margin positions and margin calls, and monitoring of counterparty net open position limits.

The vendor is contracted to integrate MarginTrac with OCBC's core banking system, SilverLake, for client account management purposes and to build an interface to the bank's wholesale position management system so that the risk of client positions can be managed at the wholesale level.

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