Hafslund Chooses IT/2 as Treasury Activities Expand

Norwegian electricity distributor Hafslund ASA has selected SimCorp’s IT/2 system to help manage its corporate treasury. The utilities company had outgrown its use of excel spreadsheets for its treasury management and required a more robust system, according Ketil Wang, finance director of Hafslund. Hafslund will use IT/2 for keeping track of loans, borrowings and interest rates, as well as managing interest-rate derivatives and currency-hedging of the loan portfolio.


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