Case Studies
ING VYSYA BANK: BUILDING ON EXPERIENCE
To support
its growing derivatives business, ING Vysya needed to be able to
design and structure new products quickly. It had
three key requirements:
- Consistent valuations across the front and back office
- To reduce and ultimately eliminate any operational risk for structured products, by capturing all trades into a single system
- The ability to design new structured products independently and modify them 'on the fly'
ING Vysya's existing systems could not cope with these demands and didn't offer the flexibility and scalability the bank needed. A lot of manual intervention was needed for reconciliation and for managing complex deals. As a result, there were differences in valuation between the bank's front and back office systems.
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