Thai Farmers Bank is to implement a suite of risk management and treasury trading systems from Midas-Kapiti International.
Under the agreement, MKI's Opics treasury & capital markets system, and MKIRisk's Risk Vision solution will be plugged into the bank’s existing Equation system using MKI’s Meridian Middleware.
MKI says the contract was won following detailed workshop sessions in competition with five other vendors. The RiskVision package was licensed following successful site tests of Opics in May 2000.
Opics has been implemented to support Thai Farmers' extensive treasury and capital markets operations. Data from all transactions will be consolidated using the Risk Vision suite of products, to enable pre-deal limits checking, plus market and credit risk management functions to be carried out. RiskVision also supports mark-to-market revaluations, stress testing, VaR (Value at Risk) and Monte Carlo simulations, in addition to market risk exposure calculation and management.
A Thai Farmers Bank spokesman says the availability of comprehensive analysis and presentation tools will enhance the effectiveness of risk management at the bank. "We also expect to improve our control of market and credit risk," he adds.