Rapid Discount House (RDH) has installed Financial Software Systems’ Spectrum treasury system in its Harare, Zimbabwe office, to manage its full range of trading activities.
Spectrum will process transactions from deal-capture in RDH's front-office to confirmations, payments, and general ledger accounting in the back-office, covering money market instruments, bonds, and structured products.
Financial Software Systems customised the solution to meet certain unique aspects of the Zimbabwe money market, adding a new module to manage withholding taxes on money market transactions. Spectrum was also modified to accommodate the trading of commercial paper in the primary and secondary markets.
RDH has implemented Spectrum on Windows NT servers with Microsoft’s SQL 2000 Server database.