Dutch debt office opts for Trema

The Dutch State Treasury Agency (DSTA) has licensed a debt financing software system, Finance Kit, from France-headquartered financial software provider Trema.

Trema said its system will provide straight-though processing (STP) and will reduce the overall cost of debt to the Dutch government. “Prior to adopting Trema Finance Kit, the DSTA had a disparate systems environment, combining a number of different proprietary applications for liability management,” said Trema. “To effectively manage its operational risk and achieve operational efficiency, the DSTA sought a single STP debt management solution to manage all its front-, middle- and back-office functions.”

Trema added that the DSTA, which represents the Dutch state in financial market transactions and handles all operational and strategic aspects of borrowing, wanted a system that worked from a single database. Trema’s solution will interface with RiskMetrics, Reuters, Swift and the DSTA’s proprietary systems.

The DSTA had a debt position of €203.7 billion at the end of May 2003.

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