FTI Wins Contract from the Belgian Debt Agency

Ireland’s FTI Treasury, the specialist treasury company based in Dublin’s International Financial Services Centre (IFSC), has been awarded the contract to install its treasury system, FTI STAR, in the Belgian Debt Agency. The agency, part of the Belgian Treasury, is responsible for managing the country’s public debt, amounting to over €370 billion.

FTI Treasury won the contract following an international tender process. The software installation and configuration will be completed in 2013 and the system support and maintenance extends over 10 years. The company added that for commercial reasons it would not disclose the pricing or contract value.

The project involves the implementation of the system to be used by the agency for straight-through processing (STP); from deal negotiations through to payment and accounting which will manage all of its debt management functions at federal level.  This includes all front, mid and back office treasury with in-depth risk management, mark-to-markets, cash and collateral management.

The company, which has a software development company in Sofia, Bulgaria and a treasury subsidiary in Johannesburg, has an existing contract dating back several years with the Ministry of Public Finance, Romania for the management of its central and local government debt.

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