China Bank selects Reuters Kondor+ Suite treasury system
China Banking Corporation (China Bank) has selected Reuters Kondor+, a global straight through processing (STP,) front to back Treasury system, to help the Bank manage its financial exposures and trading business. The agreement was formalized at a signing ceremony last January 17 at China Bank’s head office penthouse in Makati City.
Under the agreement, China Bank will be using the Kondor+ Suite to power the Bank’s Treasury operations.
The web-based platform offers a sophisticated and flexible means of pricing and capturing deals, real-time position-keeping and managing risk across all asset classes. With a host of new features, Kondor+ offers comprehensive coverage of all instruments, giving China Bank the capability to efficiently manage its diverse market exposures, and the flexibility to define and launch new products quickly.
– www.theasianbanker.com (January 29 2008)–