The software solution will enable the Korean bank to develop its commodities and credit trading businesses and automate the processes on its FX derivatives desk, claims Calypso.
The system will help eliminate and streamline manual processes, reducing operational risks and addressing performance issues incumbent to an ageing infrastructure.
The system will help achieve increased straight-through-processing (STP) from front-to-back.
The Calypso Front Office solution delivers extensive functionality including pricing, trade capture, Calypso Workstation (one-stop shop for trading, cash positions, P&L modeling and simulation) and desk level market risk functionality incorporating historical VaR and stress testing scenarios.
Throughout the implementation process, Calypso’s rapid deployment solution, Calypso Fast-Track, was leveraged to deliver strong project methodology, providing business specifications, documentation, market-standard configurations, and local language training.
