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HVB to automate repo and securities lending with Anvil

13 May 2003  |  3836 views  |  0 HVB to automate repo and securities lending with Anvil

German banking group HVB has begun installation of a suite of software products from Anvil Software for automating its repo and securities lending activities.

Contracts are currently being finalised with the bank for the purchase Anvil's Arts package for repo trading, securities finance and managed lending, and the Anvil Order Management system for linking to electronic repo markets.

Eduard Cia, head of repo and collateral trading at HypoVereinsbank in Munich, comments: "We know that the core features of Anvil Arts - real-time position management, excellent trade capture and execution and real-time margin monitoring - will really work in our favour. We are also excited about the new ways in which we can expand our business using Arts with its tri-party repo and the agency lending capabilities, and Anvil Order Management for making the most of the electronic repo markets."

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