SEB Standardises On Misys-IBS' OPICS Solution For Global Treasury Operations
Swedish bank Skandinaviska Enskilda Banken (SEB) has gone live with the first phase of implementation of the OPICS Treasury & Capital Markets solution supplied by Misys International Banking Systems (Misys-IBS). SEB has chosen to standardise on OPICS to support the treasury operations of its Stockholm Head Office, as well as those of its network of international branches across the world. OPICS will provide the bank with a consolidated back-office system to handle the processing of all its derivatives trades on a global basis. Following extensive evaluation of a variety of different systems, SEB selected Misys-IBS’ OPICS as the chosen solution for its global back-office operations. OPICS will incorporate applications to process all the bank’s derivatives trades, including Swaps, Swaptions, Forward Rate Agreements (FRAs), Caps & Floors and OTC Option transactions. The system will be linked to the local General Ledger systems, as well as the variety of front-office systems in use in the bank’s branches.