ABN AMRO Extends BancWare Implementation
SunGard Trading and Risk Systems, an operating group of SunGard, said that ABN AMRO North America has extended its implementation of BancWare for interest rate risk management to include funds transfer pricing and data management. ABN AMRO will use BancWare to manage the risks across its balance sheet in a single, integrated platform. ABN AMRO North America uses BancWare at its Chicago headquarters to manage risk on approximately $90 billion in retail and commercial banking assets. It has been using BancWare Convergence for interest rate risk management since 1993 and added advanced analytics including option-adjusted valuation (OAV) and prepayment modeling to the solution in early 2000.