Deutsche Bundesbank has gone live with Trema's central banking solution to automate its foreign currency reserve management.
The full-time switch to Trema follows the recent completion of the back office implementation and Bundesbank's go-live of front and middle office functionality in September 2001.
Treasury systens vendor Trema says the solution delivers straight-through processing (STP) across front, middle and back office and will provide the bank with reduced operational risk as well as improved controls.
The system includes Trema's Integration Kit, an ISO 15022 compliant solution for managing, formatting and routing settlement messages via the Swift network.
Peter Griep, head of foreign exchange settlement section, Deutsche Bundesbank, says: "Having an STP solution means the reduction of operational risk in our foreign currency reserve management."
Deutsche Bundesbank, which operates as part of the European System of Central Banks (ESCB), says it already uses Trema's system for the management of reserves on behalf of the European Central Bank.