Integrated Panorama and BancWare Solution Provides Enterprisewide Risk
For On and Off Balance Sheet Activity
NEW YORK, Feb. 20 /PRNewswire/ -- SunGard (NYSE: SDS) today announced that
VP Bank, one of the three largest banks in Liechtenstein, has gone live with
BancWare and Panorama, SunGard's risk solution for integrated risk management
across on and off balance sheet activities. With this single vendor solution
from SunGard Trading and Risk Systems, VP Bank will achieve a consolidated
view of risk for all of its core business activities: private trust banking,
trading, asset management and the fund business.
VP Bank uses Panorama and BancWare for market, credit and interest rate
risk management, asset and liability management, budgeting and forecasting,
funds transfer pricing, credit limit administration and regulatory reporting.
This robust SunGard risk solution supports over 20,000 positions comprised of
banking book instruments, such as loans, savings, money market instruments and
bonds, and trading book instruments including equities, equity derivatives,
interest rate derivatives, currency derivatives, precious metals, precious
metal derivatives and guarantees.
Adrian Hasler, first vice president, head of finances at VP Bank, said,
"We selected SunGard because it is the world's leading risk management vendor
with an impressive customer base in Europe and Switzerland and a highly
experienced local product support staff. We like the open architecture and
wide range of functionality within Panorama and BancWare, and the fast and
easy implementation process. The ability of this solution to link our banking
book and trading book activity allows us to more accurately and effectively
manage our conservative risk policies."
Panorama, SunGard's cross-asset, straight-through trading, risk management
and processing solution, and BancWare, SunGard's asset/liability management,
budgeting and forecasting solution, have long been best-of-breed solutions in
each of their respective markets. Independently, they provide desk-level to
firmwide analysis of trading and banking activity, respectively. Integrated,
they create a powerful solution that links the different businesses they
support under a common framework for risk measurement. The ability to
consolidate the risks of on and off balance sheet (or banking and trading)
activity allows for more accurate risk management, capital allocation and
financial planning. A top-down and bottoms-up approach to risk management can
co-exist.
Juerg Hunziker, senior vice president of SunGard's Panorama operating
unit, said, "Panorama and BancWare are so tightly integrated that they
effectively operate as modules of a single solution. No other vendor can
provide a solution for on and off balance sheet risk management that can match
the breadth and depth of functionality provided by Panorama and BancWare."
Jim Ashton, group chief executive officer of SunGard Trading and Risk
Systems, said, "Not only is SunGard the only vendor that can provide
integrated solutions for true end-to-end risk management, but it is also the
only vendor that can support those solutions with years of global experience,
local expertise, financial strength and proven reliability."
About VP Bank
The Verwaltungs- und Privat-Bank (VP Bank) is one of the three largest
banks in Liechtenstein. With the scope of international private banking
services, it offers tailor-made solutions to wealthy private investors,
fiduciaries, attorneys and asset managers. VP Bank's investment fund business
is distinguished by the provision of innovative services in the founding,
administration and management of investment funds.
Visit VP Bank at http://www.vpbank.com
About SunGard Trading and Risk Systems
SunGard Trading and Risk Systems provides integrated, enterprise-wide
solutions for financial trading, risk management and operations, as well as
asset liability management and financial planning and forecasting. Serving
over 500 clients, it offers Web-enabled solutions for achieving
straight-through processing, and for managing market, credit and operational
risk. Clients include banks, broker/dealers, asset managers, hedge funds,
corporate and government treasuries of every size, geographical reach and
operational complexity. For energy companies, SunGard Trading and Risk
Systems provides trading, risk management and commodity scheduling software
solutions.
About SunGard
SunGard 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 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
NOTE: Trademark Information: SunGard, the SunGard logo, Panorama and
BancWare 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 SunGard
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Related links:
http://www.sungard.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Europe, Sally Clarke, 44-207-337-1018, or
fax, 44-207-337-6010, or sally.clarke@risk.sungard.com, or Asia &
The Americas, Adriana Senior, 212-317-7489, or fax, 212-223-0220,
or adriana.senior@risk.sungard.com, both of SunGard Trading and
Risk Systems
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