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Risk Management

01:19 PM
Leslie Kramer
Leslie Kramer
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Caixa Chooses Sungard for STP

Caixa d'Estalvis del Peneds selects SunGard's Adaptiv for risk management and straight-through processing.

Caixa d'Estalvis del Peneds (Caixa Peneds), a Spanish savings bank, has selected SunGard's Adaptiv 360 to help capture, process and manage all of its capital markets activity. Adaptiv 360 will help Caixa Peneds automate valuation, portfolio management, risk management and straight-through processing across all asset classes. SunGard's Adaptiv 360 is an integrated package based upon a single platform. It provides financial institutions with access to cross-asset deal capture, real-time risk analytics, stress testing, "what if" scenarios, cash flow analysis, on-line hedging prescriptions, straight-through processing and enterprise market and credit risk analysis. Caixa Peneds will use Adaptiv 360's structured products module to help manage complex structures with minimum effort and reduced time to market which will help the bank to fulfill its plans to rapidly grow its business and enter new areas.

"As the financial markets change, it is necessary to maximise our straight-through processing capabilities for all businesses and procedures. Much of our treasury activity is based on the structuring and distribution of derivatives, and with SunGard's Adaptiv 360 solution we will have the ability to easily build deals around their proposed architecture. Adaptiv 360 will help Caixa Peneds to grow its business and improve its product offerings, while also helping us to effectively control and manage all our market and counterparty risk," said Josep Jaume Fina, head of treasury and capital markets, in a press release. Kevin Galliers, senior vice president EMEA, SunGard's Adaptiv business unit, added in the release, "We are pleased to welcome Caixa Peneds to the growing community of Adaptiv users in this region. Working closely with Caixa Peneds, a sophisticated Catalunya-based savings bank, will help SunGard in its ongoing efforts to enhance and localize Adaptiv 360."

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