Installs Panorama for Risk Management and Trading
NEW YORK, Feb. 14 /PRNewswire/ -- Infinity, A SunGard Company, today
announced that Bank Julius Baer in Zurich has gone live with Panorama 99.1 for
market risk management and swaps and fixed income trading. The bank uses
The Devon System for straight-through processing. Panorama is the enterprise
solution for integrated cross-asset trading, market, credit and operational
risk. The Devon System provides trade entry and comprehensive processing
functionality for a wide range of standard instruments including interest
rates, foreign exchange, futures, securities and equities. Infinity is the
leading provider of enterprise solutions for financial trading, risk
management and operations.
Panorama supports risk management across the bank's business lines,
including foreign exchange, asset and liability management, securities
trading, brokerage and capital markets. Bank Julius Baer is using an
extensive set of tools for historical and parametric VAR, ten variants of
stress testing, sensitivity analysis and limits management. Panorama was
customized to provide a variety of VAR calculations, and was extended to fully
support equity instruments through a module called Panorama Equity
Derivatives. The bank is also using Panorama for regulatory risk reporting,
and has installed select modules of The Devon System for interest rate and
fixed income trade settlement and accounting.
Bernhard Hodler, head of Bank Julius Baer's risk management project said,
"We chose Infinity because it provided a wider range of proven features and
functions for trading operations than any other supplier. The modular design
of Panorama enables us to select the specific features and functions that fit
our unique requirements. The company, the local staff and the capabilities
and flexibility of the Panorama software have fulfilled our expectations and
have helped us to meet the goals of our risk management project."
Bank Julius Baer is now planning a complete roll-out of Panorama to all
organizational entities, and intends to expand its use of the system to
include credit and operational risk management and capital allocation.
Jim Ashton, president and CEO of Infinity said, "We are proud to have
completed such a major project to design, develop and deploy a single,
integrated risk management platform that fulfils rigorous new regulatory
requirements and brings new decision support capabilities to all operational
levels within BJB."
About Bank Julius Baer
Bank Julius Baer, headquartered in Zurich, was founded as a private bank
in 1890 by Julius Baer and has since been led by members of the Baer family.
The core businesses of the current Bank Julius Baer are portfolio management
and investment counselling for top private clients, and trading in securities,
foreign exchange and precious metals markets. It is also in the credit
business, primarily for portfolio management clients, and in global custody.
About Infinity
Infinity, A SunGard Company, provides enterprise software solutions for
financial trading, risk management and operations. Infinity customers include
banks, asset managers, corporate and government treasuries of every size,
geographic reach and operational complexity. Infinity identifies emerging
standards early on and delivers innovative, modular, adaptable solutions and
enabling technologies. Infinity facilitates client success, mitigates
technology risk, and delivers rapid "Time-to-Value" through Infinity
Professional Services, providing application implementation and integration
consulting. Infinity, A SunGard Company, is an operating unit of SunGard Data
Systems Inc. Infinity can be reached at http://www.infinity.com .
About SunGard
SunGard (NYSE: SDS) is a global leader in integrated IT solutions and
eProcessing for financial services. SunGard is also the pioneer and a leading
provider of high-availability infrastructure for business continuity. With
annual revenues in excess of $1 billion, SunGard serves more than
10,000 clients in over 50 countries, including 47 of the world's largest
50 financial services institutions. SunGard can be reached at
http://www.sungard.com.
NOTE: SunGard, Infinity, the Infinity logo, Panorama and The Devon System
are trademarks or registered trademarks of SunGard Data Systems Inc. or its
subsidiaries in the U.S. and other countries. All other trade names are
trademarks or registered trademarks of their respective holders.
SOURCE Infinity, A SunGard Company
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Related links:
http://www.infinity.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Adriana Senior of Infinity, A SunGard
Company, 212-317-7489, or adriana_senior@infinity.com
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