Danfoss Implements AvantGard-ETX

SunGard Treasury Systems has announced that Danfoss, based in Denmark, has implemented SunGard’s AvantGard-ETX to provide secure real-time connectivity to its banks: Citibank, Danske Bank and Deutsche Bank. Danfoss has used AvantGard-GTM as its core treasury management system since 1999 and it has helped increase operational efficiency of treasury operation, particularly through the implementation of its multi-lateral netting module.

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