The Bank of Nanjing, one of China’s city commercial banks, has selected SunGard’s Ambit Treasury Management solution to provide an integrated treasury management approach across its domestic and foreign currency products, and to help improve its risk management practices. Bank of Nanjing selected SunGard to help streamline its treasury operations. The Ambit Treasury Management solution will replace its existing systems and manage its local money market and fixed income products, as well as its foreign exchange deals. Ambit Treasury Management will also help the bank to manage its derivatives, helping it to maintain its trading book on a single system.
Risk management capabilities have taken on increased importance for all banks in China. SunGard says the Ambit Treasury Management system will provide the Bank of Nanjing with a market risk management tool kit that includes scenario simulation and VAR for the bank’s traditional financial instruments as well as the new derivatives it wants to trade. The solution’s limit management capability will also help the bank ensure its interbank credit risk remains within controllable boundaries.
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