SunGard said that the Raiffeisen-Landesbank Steiermark will use its Front Arena solution for treasury trading and position control across multiple asset classes and business lines, providing the bank with Value at Risk (VaR) for enterprise trading control.
Adding SunGard’s Adaptiv Risk Cube and Front Arena´s Operations and Sub Ledger solutions to its current Front Arena solution will help Raiffeisen-Landesbank Steiermark enhance its straight-through processing (STP).
According to the SunGard, the Adaptiv Risk Cube stores, aggregates and presents VaR data in a dynamic dashboard. Front Arena Operations generates confirmations and SWIFT messages for settlements and confirmations, and Front Arena Sub Ledger generates ledger postings.
The front- to-back-office solution will help Raiffeisen-Landesbank Steiermark expand the coverage of its instrument valuation, manage parametric VaR from the desk level, and automate manual processes throughout operations.
SunGard Front Arena and Adaptiv business units president Juerg Hunziker said Front Arena and Adaptiv provide a streamlined solution for trading and operations that helps customers achieve rapid time to market, enhance decision making, and gain efficiencies in trading and settlement by meeting real-time and end-of-day processing needs.
