Agence France Trésor selects Ubitrade’s Tradix system
Agence France Trésor (AFT), the French debt and treasury management institution, has selected Ubitrade’s treasury management system, Tradix, after putting the contract out to tender in 2003.
The upgrade, which has been named Système d’Information France Trésor (SIFT), will take two years to complete, starting with market transactions. Risk control, back-office services and accounting will follow.
AFT is responsible for the French government’s debt management as well as having jurisdiction over the state’s treasury management.
The Tradix system is currently used by the Belgian Treasury as well as Cades, the French social security debt repayment fund and BNP Paribas, the French banking group.
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