IADB Implements Summit Integration System
Inter-American Development Bank’s (IADB) Global Capital Markets Group has implemented Summit Systems front-to-back office integration system. Summit’s software offers trading, pricing, reporting and back-office transaction processing and includes accounting and settlement processing. According to Summit, the new system will enable IADB to consolidate their system environment and realize efficiencies by retiring outdated legacy products. The new system currently supports fixed income, including MBS/ABS instruments, OTC derivatives (including asset swaps), and money markets.