Source: OpenLink
OpenLink, the global leader in trading and risk management solutions for the financial services, corporate, energy, and commodities industries, today announced that the Federal Home Loan Bank of Topeka (FHLBank Topeka) has selected its debt and derivatives solution as part of the bank’s drive to streamline its technology landscape and improve operational efficiency.
With $45.2 billion in assets, FHLBank Topeka is one of 11 privately-owned, federally-chartered banks and provides wholesale loan services to 768 institutions across four U.S. Midwestern states. The Kansas-based institution, which is the third FHLBank using OpenLink, selected the solution to consolidate hedged assets and liabilities and derivatives onto one integrated system.
Matt Lehto, OpenLink Senior Vice President, said: “Adding another FHLBank to our valued client base is testament to our ability to support these institutions. FHLBank Topeka understands the importance of having a single system that houses all derivative accounting and regulatory reporting activity, and managing its hedging activity. We look forward to supporting FHLBank Topeka as its operations continue to grow.”