17 October 2017
Register now

NACF goes live with Summit system

30 April 2004  |  3566 views  |  0 NACF goes live with Summit system

South Korean retail bank National Agricultural Cooperative Federation (NACF), has gone live with Summit Systems' treasury and capital markets software.

The system, which replaces a combination of Excel spreadsheets and in-house back office application, has been customised to include central bank reports, new accounting events and a GL interface to ensure compliance with Korean accounting practices.

Summit says its STP system will provide the bank with real-time services including FX and bond positions, trade blotter and viewer, credit limits, market risk, confirmations and settlements.

Jae Ho Lee, manager of risk management for NACF, comments: "The wide instrument coverage of Summit enables us to handle foreign exchange, money markets, bonds, listed futures and options, FX options, interest rate and credit derivatives, plus exotic trades in one single system. The processing and managing of trades will be massively improved."

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

FHLB Seattle to install Summit System

FHLB Seattle to install Summit System

16 March 2004  |  3245 views  |  0 comments
SEB Merchant Banking extends Summit implementation

SEB Merchant Banking extends Summit implementation

23 February 2004  |  3949 views  |  0 comments
FHLB licenses Summit system

FHLB licenses Summit system

27 January 2004  |  3323 views  |  0 comments
Bank of China goes live with Summit

Bank of China goes live with Summit

05 January 2004  |  4442 views  |  0 comments
Summit delivers trading system to Inter-American Development Bank

Summit delivers trading system to Inter-American Development Bank

30 October 2003  |  3226 views  |  0 comments
Summit upgrades flagship product for thin client era

Summit upgrades flagship product for thin client era

09 September 2003  |  3947 views  |  0 comments
WestLB rolls out Summit platform

WestLB rolls out Summit platform

29 August 2003  |  6742 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14971 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8228 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7658 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6957 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6196 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job