Panama-based Multibank has selected the Spectrum Treasury System from Financial Software Systems to manage its front, middle and back office treasury operations. The bank will use Spectrum to manage all aspects of transaction processing for the following instruments: spot-forward-swap foreign exchange (FX) contracts, non-deliverable forwards, vanilla over-the-counter (OTC) FX options, interest rate and commodity futures, fixed rate and floating rate money markets, bonds, and equities.
Multibank will benefit from the use of Spectrum by automating all processes in its treasury department as well as the trading activities from its affiliated brokerage company, Multi Securities.
Gaston Peralta, sales manager for Latin America and the Caribbean for Financial Software Systems, said: “Multibank has achieved remarkable growth in the Panamanian and Latin American markets in the past few years. The introduction of
Spectrum into Multibank’s treasury and international operations will help to accelerate Multibank’s growth.”
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