ABSA Singapore installs Financial Objects activebank2 package

Amalgamated Banks of South Africa (ABSA) has installed Financial Objects' activebank2 software in an effort to improve efficiency at its Singapore treasury operations.

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ABSA Singapore installs Financial Objects activebank2 package

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The package will provide ABSA Singapore with more flexible portfolio management capabilities, increased trading capacity, messaging capabilities, streamllined transaction processing and a wider range of Internet-based tools, says the company.

activebank2 also provides real-time mark to market P&L for all deal types, dealer and counterparty, and market risk management utilising real-time VaR, NPV and 'what if' scenarios.

David Meadows, general manager, ABSA, says: "By choosing activebank2 we have met all of our needs for increased functionality, trading volumes and portfolio management."

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