11 December 2017
visit www.aciworldwide.com

SunGard wins contracts for collateral management and derivatives processing

11 October 2004  |  4509 views  |  0 SunGard

Dublin-based Hypo Real Estate Bank International has selected Adaptiv Collateral from SunGard Trading and Risk Systems to manage the collateralisation process supporting its derivatives and repo trading activity in 13 countries. Meanwhile, SunGard Futures Systems has signed five German banks to its Octagon IT Services for derivatives processing and accounting.

Hypo Real Estate Bank International will use Adaptiv Collateral to help manage counterparty credit risk and streamline its collateral management operation.

The bank says it needed a collateral management solution to support its plans for increased trading in derivatives and repos. In response to regulatory demand for overall improved credit risk management, control and transparency, the bank also wanted to mitigate credit risk, reduce operational risk, and provide a more comprehensive risk profile of its global trading operation.

In Germany, SunGard Futures Systems' new customers are: Hamburger Sparkasse, Frankfurter Sparkasse, Bankhaus Lampe, Bankhaus Reuschel & Co., and Hauck & Aufhauser Privatbankiers.

They are using Octagon IT Services, an outsourced processing environment for financial institutions participating in derivatives trading in Germany and throughout Central Europe. SunGard says the service was launched in the first quarter of this year to help financial institutions improve operational efficiency, system availability and scalability by reducing costs and reliance on the internal resources required to maintain systems in-house.

Octagon IT Services features a Java-based user interface and includes interfaces to regulatory bodies for reporting purposes, providing institutions with an efficient, single-vendor solution. SunGard says it provides Octagon IT Services with full system backup and recovery using SunGard Availability Services, and comprehensive support services, both located in Germany.

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

Bank of Montreal signs for SunGard credit risk management service

Bank of Montreal signs for SunGard credit risk management service

18 August 2004  |  4874 views  |  0 comments
SunGard lays out Adaptiv blueprint

SunGard lays out Adaptiv blueprint

08 March 2004  |  4394 views  |  0 comments
SunGard Futures launches hosted version of Octagon

SunGard Futures launches hosted version of Octagon

03 March 2004  |  3056 views  |  0 comments
Hypo Real Estate licenses Fidelity's deal and loan servicing software

Hypo Real Estate licenses Fidelity's deal and loan servicing software

09 October 2003  |  2689 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.aciworldwide.comvisit http://info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18349 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11255 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7495 views comments | 14 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6565 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5967 views comments | 5 tweets | 12 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job