Malaysia's Affin Bank Berhard implements SunGard's AvantGard
18 July 2005 | 7054 views | 0
Malaysia's Affin Bank Berhad (Affinbank) is implementing the AvantGard-Quantum and AvantGard-Risk products from SunGard Asia Pacific to support its treasury management operations.
SunGard says AvantGard-Quantum will provide deal capture, monitoring, modelling and forecasting, reporting and transaction and settlement processing to manage the bank's FX, money market, bonds and derivatives instruments.
AvantGard-Risk will oversee Affinbank's risk exposures, executing scenario analysis, cash and value at risk calculations, limits, alerts and pricing functionality.
Affinbank says the technology was selected on its ability to meet specific Malaysian requirements.
Tan Kok Toon, head of treasury, Affinbank, says: "It was important that we not only managed the traditional treasury operations, but that our partner understood and could readily manage local requirements such as Islamic Banking and Bank Negara regulations."