Building Societies License BancWare's Convergence
Cheshire, Dunfermline and West Bromwich Building Societies select BancWare Convergence as their asset/liability management solution. These Building Societies were looking for a sophisticated asset/liability management solution that would accurately model complex instruments and prepayment risk. BancWare’s Convergence models an institution’s financial performance as a function of its balance sheet, enabling the institution to define the properties of each balance sheet account and plan for its growth. Convergence produces consistent forecasts of the balance sheet, income statement and statement of cash flows which are based on defined properties, specified plans and interest rate scenarios. With Convergence’s multi-currency ability (Euro compliant), the institution may model multiple currency positions in an ALM model.