
Bank of China, CCB roll out Misys’ Opics suite
Phase two, involving support for instruments such as interest rate swaps, futures and over-the-counter options, went live on December 12.
“As well as improving the bank’s overall STP capability, Opics has proved beneficial as a processing engine covering a range of financial instruments traded by the bank,” said a Bank of China spokesman. “By enabling us to consolidate all our treasury transactions on a single database, Opics has enhanced the quality of information available to management and provided greater control over exposure to risk,” he added.
CCB, which has 26,000 domestic branches in China, is mid-way through its Opics installation at its Beijing head office. Opics will be integrated with its front–office Reuters Kondor+ system for STP of treasury instruments. The system will support deposits and loans, fixed income, call and notice, foreign exchange, repurchase agreements, OTC options, forward rate agreements, mortgage-backed securities and various swaps transactions.
Other functions include multi-currency general ledger, confirmation matching and nostro account management, plus rate-feed handling and interfaces to the bank’s Bloomberg trading system, the Swift message network and CCB’s clearing network for its domestic branch foreign currency payments.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Technology
Risk applications and the cloud: driving better value and performance from key risk management architecture
Today's financial services organisations are increasingly looking to move their financial risk management applications to the cloud. But, according to a recent survey by Risk.net and SS&C Algorithmics, many risk professionals believe there is room for…
Machine learning models: the validation challenge
Machine learning models are seeing increasing demand across the capital markets spectrum. But how can firms improve their chances of gaining internal and regulatory approval for these type of models?
Banks strive for machine learning at quantum speed
Embryonic work on quantum neural networks raises hope of faster, more accurate models
Big banks seek solace in quantum-proof encryption
Barclays, JP Morgan and SocGen act to counter threat from next generation of computing
Facing the future: the growth of automation in Asia‑Pacific fixed income trading
How can automation improve fixed income trading strategies and best execution? In a recent Asia Risk webinar, in partnership with Tradeweb, a panel of market experts discussed the outlook for automation in the trading space
Moonshots and machines: can AI solve the problems of fincrime?
New technologies such as artificial intelligence (AI) and machine learning promise much in the battle against financial crime, but where are these solutions best deployed? A panel of anti-money laundering and analytics professionals convened for a Risk…
Next-generation technologies and the future of trading
At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…