Expertus Launches Global Liquidity Management Solution
Expertus, a SWIFT service and solution partner, announced yesterday the launch of its latest version of Monetis Real-Time Cash Management, which now includes global liquidity management capabilities including minimizing lending costs, increasing interests, and improving operational effectiveness and STP levels while contributing to Sarbanes-Oxley compliance.
According to Expertus, corporations need to transform liquidities management and therefore rethink treasury functions. Consolidating accounts in a small set of well-established institutions now enables a new mode of collaboration between financial institutions and corporates.
Jacques Leblanc, president of Expertus, said in a release: "With Monetis now available through financial institutions, corporate treasurers can improve liquidity and cash management while increasing operational effectiveness and minimizing operational risk."
EBRD Selects the Principia System to Consolidate Market and Credit Risk Portfolio Management Operations
Principia Partners, a solutions provider to the structured finance industry and capital markets/treasury markets, announced last week that the European Bank for Reconstruction and Development (EBRD) has licensed the Principia System to drive its Treasury's initiative for an integrated credit and market risk portfolio management system. EBRD's Treasury initiative -- the Integrated Credit and Market Risk Portfolio Management System (IPMS) -- will provide more-accurate pricing of credit-based products in conjunction with other financial assets and liabilities. The Principia System also will enable EBRD to enhance its analysis of expected cross-asset portfolio returns across assumptions based on macro economic models and scenarios, according to the company.
"We selected Principia based on its ability to capture and price the myriad financial instruments we trade and provide common framework for pre-trade and post-trade risk analysis," stated Axel Van Nederveen, treasurer at EBRD, in the release.
The Bank's Treasury manages a range of financial activities including: management of the Bank's liquidity, funding in the capital markets, asset and liability management as well as pricing and hedging Bank transactions. As a result, it makes use of a wide variety of instruments, from money markets to securities, including interest rate and credit derivatives.
"We are delighted to be part of the EBRD's Treasury investment management solution," stated Theresa Adams, president and CEO of Principia, in the release. "We look forward to delivering a solution that meets the demanding requirements of the EBRD's dynamic trading and risk management strategies."
OppenheimerFunds, Inc. Licenses SunGard's XAMIN
SunGard announced Monday that OppenheimerFunds, Inc. (OFI) has licensed SunGard's XAMIN to support its institutional business. Under the agreement, OFI will use XAMIN in an ASP environment for performance measurement and attribution. OFI is already a customer of InvestOne Enterprise, SunGard's global investment accounting and reporting solution, installed in-house. Together, this enterprisewide solution will provide comprehensive support to OFI's global fixed-income, equity and derivatives books of business.
"XAMIN provided the centralized processing and scalability we needed to support our multiple operating sites," said Navin Sharma, vice president and director risk management and analytics at OFI, in the release. "We intend to use the system's performance measurement and attribution models to assist in the analysis of our funds."
"This expanded relationship demonstrates how our customers are leveraging the strength of SunGard's enterprisewide suite of solutions to their benefit," said Doug Morgan, president of investment systems, SunGard, in the release.
Newton Investment Management selects Redi2 Revenue Manager
Redi2 Technologies last week announced it has entered into an agreement to license its premier fee-billing product, Redi2 Revenue Manager, to Newton Investment Management, a UK-based asset management subsidiary of Mellon Financial Corporation. Under the terms of the agreement, Newton will license Revenue Manager to automate billing and other revenue management operations.
"We are working together to ensure that Revenue Manager can easily handle the needs of any UK-based investment management company, especially the stringent value-added tax (VAT) requirements," said Seth Johnson, CEO of Redi2 Technologies, in the release.
"Redi2 has extensive experience with enterprise fee billing systems for large investment managers, and they quickly gained our trust as a vendor-partner. It was imperative we chose a fee billing system on the vanguard of the industry, and one that is already in production at other investment management companies," said Andrew Downs, COO, Newton Investment Management, in the release.
Key factors in Newton's decision to move forward with Redi2 Technologies included Redi2's sophisticated straight-Through-Processing (STP) workflow engine, Redi2's ability to integrate Revenue Manager with Newton's other systems for automated processing and reporting purposes, and Redi2's efficiency in evaluating Newton's needs.
"It is a great experience working with the highly-capable individuals at Newton. Our Business Requirements and Implementation Planning phase enabled us to quickly understand Newton's requirements, and now we look forward to a successful implementation towards the end of the year," said Dan Inamoto -- Redi2's professional services manager.