Deutsche Bundesbank has implemented Trema's Finance KIT version 5.0 to support its foreign currency reserves.
The move extends the bank's existing Finance KIT agreement with Trema, which covers the management of reserves on behalf of the European Central Bank.
In shifting management of its own reserves to Finance Kit, Deutsche Bundesbank took Trema's pre-configured central bank industry product, sharing a broad common configuration with the ECB and the Bank of Greece who are already live with this solution.
Implementation of front and middle office functionality has been finalised. The team is now working on the back office, which includes Settlement HUB, Trema's new system for managing, formatting and routing settlement messages via Swift.