Crédito Agricola Implements Calypso System For FX Functions

Calypso Technology Inc, an application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, announced that Crdito Agricola, the Portuguese cooperative banking group, has gone live with the Calypso system to support front

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Calypso Technology Inc, an application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, announced that Crdito Agricola, the Portuguese cooperative banking group, has gone live with the Calypso system to support front-to-back office FX functions. The system has been implemented to specifically support the treasury transactions of Caixa Central, the Groups central coordinating bank. The Treasury Department centrally manages the Groups liquidity, operates in the money, foreign exchange and capital markets, and provides treasury and financial products to the Groups local banks and customers.

Crdito Agricola sought a robust, scalable and complete system solution that would allow it to replace administrative procedures and reduce processing costs as well as provide functionality to improve internal control and risk management. The Calypso system delivers a fully integrated trading, risk management and processing platform to manage Crdito Agricolas cross-product coverage. The Calypso system gives Crdito Agricola the flexibility necessary to address the Groups evolving business needs, as well as the ability to start trading new treasury products that will be fully supported throughout the trade lifecycle. Through the Calypso platform, Crdito Agricola is able to reduce operational risk by moving away from manual work and instituting STP.

D.C.

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