16 August 2017
visit www.avoka.com

Bank of Nanjing selects SunGard Ambit for treasury management

24 November 2008  |  2666 views  |  0 Source: SunGard

The Bank of Nanjing, one of China's leading city commercial banks, has selected SunGard's Ambit Treasury Management solution to provide an integrated treasury management approach across its domestic and foreign currency products, and to help improve its risk management practices.

Bank of Nanjing selected SunGard to help streamline its treasury operations. The Ambit Treasury Management solution will replace its existing systems and manage its local money market and fixed income products, as well as its foreign exchange deals. Ambit Treasury Management will also help the bank to manage its derivatives, helping it to maintain its trading book on a single system.

Shu Xingnong, vice president at Bank of Nanjing, commented: "A key requirement of our selection process was the ability to implement a single system to manage our local and foreign instruments. Prior to the Ambit solution, we were running one system for local trades and another for foreign trades. In addition, the Ambit Treasury Management solution gives us a front-to-back-office approach, meaning our straight-through processing and efficiency capabilities can be greatly improved."

Risk management capabilities have taken on increased importance for all banks in China. The Ambit Treasury Management system will provide the Bank of Nanjing with a market risk management tool kit that includes scenario simulation and VAR for the bank's traditional financial instruments as well as the new derivatives it wants to trade. The solution's limit management capability will also help the bank ensure its interbank credit risk remains within controllable boundaries.

Zhou Hua, president of SunGard China, commented: "The banking arena in China is continuing to expand and there is a growing need for banks to implement international best practice infrastructures, operations and processes. SunGard will help the Bank of Nanjing to improve its treasury operations by maintaining a single solution across its trading book, and improve its risk management capabilities. We look forward to working closely with them in the future."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10955 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10080 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9424 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9183 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8289 views comments | 6 tweets | 21 linkedin

Featured job


Brussels or Frankfurt

Find your next job