November 24, 2008 - The Bank of Nanjing, one of China’s leading city commercial banks, selected SunGard’s Ambit Treasury Management solution to provide an integrated treasury management approach across its domestic and foreign currency products, and to help improve its risk management practices.
Bank of Nanjing selected SunGard to help streamline its treasury operations. The Ambit Treasury Management solution will replace its existing systems and manage its local money market and fixed income products, as well as its foreign exchange deals. Ambit Treasury Management will also help the bank to manage its derivatives, helping it to maintain its trading book on a single system.
Shu Xingnong, vice president at Bank of Nanjing, commented: “A key requirement of our selection process was the ability to implement a single system to manage our local and foreign instruments. Prior to the Ambit solution, we were running one system for local trades and another for foreign trades. In addition, the Ambit Treasury Management solution gives us a front-to-back-office approach, meaning our straight-through processing and efficiency capabilities can be greatly improved.”
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