18 December 2017
visit www.avoka.com

RBC Capital Markets selects Principia System for GIC processing

10 February 2004  |  3814 views  |  0 RBC Capital Markets selects Principia System for GIC processing

Royal Bank of Canada (RBC) Capital Markets has licensed technology from Principia Partners to manage its municipal Guaranteed Investment Contracts (GIC) business in New York.

The Principia System will provide end-to-end management of GICs, including the contract bid process, portfolio management, risk management, reporting and accounting.

Dominick Carollo, director, municipal financial products and investment agreements, RBC Capital Markets, says: "Because the muni-GIC business is so operationally-intensive, we require a system that will seamlessly handle all the back office processes and provide extensive audit capabilities."

The Principia product also includes reporting and accounting functions as well as a suite of risk management tools.

Commenting on the product, Carollo adds: "Its risk management and analytical tools should provide us with a competitive advantage in rapidly creating new contracts and then managing the product after the contract has been granted."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FHLBanks Office of Finance deploys Principia for fixed income analytics

FHLBanks Office of Finance deploys Principia for fixed income analytics

20 November 2003  |  3089 views  |  0 comments
Rabobank rolls out Principia System for GIC processing

Rabobank rolls out Principia System for GIC processing

27 August 2003  |  3975 views  |  0 comments
Union Planters selects Principia System for derivatives trading

Union Planters selects Principia System for derivatives trading

13 August 2003  |  3086 views  |  0 comments
Principia Partners delivers credit derivatives capability

Principia Partners delivers credit derivatives capability

14 April 2003  |  3250 views  |  0 comments
RBC chooses GFI's Fenics FX for options marketing

RBC chooses GFI's Fenics FX for options marketing

20 January 2003  |  3502 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11162 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9827 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7705 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7306 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7253 views comments | 5 tweets | 11 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job