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Bank Negara Indonesia rolls out Reuters' Kondor+

02 July 2003  |  4479 views  |  0 Bank Negara Indonesia rolls out Reuters' Kondor+

Bank Negara Indonesia (Bank BNI) is rolling out Reuters' real-time position keeping system Kondor+ across its network of almost 760 domestic branches and five overseas offices.

The bank will use Kondor+ to manage deals and positions on all instruments and asset classes.

Mr Sudirman, general manager, treasury division, Bank BNI, says Reuters Kondor+ provides up-to-the second information with minimal administration overhead.

"Bank BNI also benefits from the limits management capability within Kondor+ which provides real-time control and monitoring of credit exposure across the enterprise," adds Sudirman.

Reuters' Kondor+ delivers pricing, capturing and processing of any type of instrument and includes an 'open trade' capability that allows the software to be integrated with proprietary products and third party systems such as NumeriX.

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