18 August 2017
Find out more

Wachovia implements Anvil Arts collateral management package

30 July 2003  |  3846 views  |  0 Wachovia implements Anvil Arts collateral management package

Wachovia Corporation in North Carolina has gone live with the Anvil Arts package at its collateralised financing desk in New York.

Installation of the package started in May says Erwin Williams, senior trader at Wachovia.

"We asked Anvil to meet a very aggressive go-live date and they have succeeded," he says. "From start to finish, the entire installation has taken less than three months."

Williams says the core system provides asset-wide position management and risk management, margin monitoring, p&l and collateral management

The company also plans to install the Anvil Carry system to provide traders and back office staff with accurate cost of carry information.

Other US clients using Arts include Banc of America Securities, Barclays Capital and the Royal Bank of Canada.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Wachovia licenses XcitekCostBasis for corporate actions processing

Wachovia licenses XcitekCostBasis for corporate actions processing

26 June 2003  |  3037 views  |  0 comments
RBC live with Anvil Software's clearing management module

RBC live with Anvil Software's clearing management module

22 May 2003  |  4211 views  |  0 comments
HVB to automate repo and securities lending with Anvil

HVB to automate repo and securities lending with Anvil

13 May 2003  |  3786 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7593 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7281 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6013 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5956 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5838 views comments | 11 tweets | 9 linkedin