SimCorp Updates IT/2

The latest release of SimCorp’s corporate treasury management system, IT/2 version 5.1, has been launched, designed to strengthen the system’s cash management process and risk scenario analysis functionalities. SimCorp explained that improvements have also been made to the system’s facilities for internet banking, hedge accounting and the IT/2 NET subsidiary communications module. Cash concentration has been added to the system’s cash management function, allowing cash managers to set target balance and threshold amounts for designated accounts. Other enhancements to IT/2’s cash management functionality include automatic shadow administration of bank run zero-balancing services and extensions to its notional pooling capabilities that include pool benefit analysis and interest reallocation.


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