FRSGlobal said that the benefits to be realized by the BGZ Bank with the features of the solution include Asset and Liability Management (ALM), market risk, liquidity risk, funds transfer pricing (FTP), FX risk, and a central repository of contract and calculation details, accessible via spreadsheets, log files, internal database (GADB), and the bank’s BI tools (Business Objects, using FRSGlobal’s interface).
The first stage of the project involved FRSGlobal using RiskPro’s ETL tool to automate the transfer of the details of more than 1.5 million of the bank’s contracts creating a single repository of data.
These contracts cover a range of the bank’s treasury products including interest rate swaps (IRSs), cross-currency interest rate swaps (CIRSs), overnight index swaps (OISs), forward rate agreements (FRAs), FX swaps, FX forwards, treasury and corporate bonds, T-bills, plain vanilla and exotic FX options.
The automation also include BGZ’s banking book products: term deposits, current & saving accounts, loans, credit cards, factoring, etc., which were previously managed separately.
FRSGlobal VP EMEA North Kris Van Bavel said that "BGZ will be able to provide internal management and regulators with deep insight into the business – a prerequisite in today’s climate.
