FSS sells collateral management software to Asian bank
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FSS sells collateral management software to Asian bank 16 April 2012Singapore Reporter: Georgina Lavers
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Overseas-Chinese Banking Corporation (OCBC) has licensed the Spectrum MarginTrac System from Financial Software Systems (FSS).
The bank will use Spectrum as its collateralised trading and risk system for treasury clients in foreign exchange, FX over-the-counter (OTC) options, including exotics, and non-deliverable forwards (NDFs).
The software will be used for pre-trade and post-trade risk management purposes, collateral management, and treasury sales desk client margin and commission management ends.
Joseph Kubeyka, managing director of FSS’ Asia-Pacific region, said: "Spectrum MarginTrac will enable OCBC to deploy our solution on a global basis for both sales and trading, while enabling OCBC to quickly offer new and innovative products to their client base."
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