Commercial Bank of Kuwait Installs Spectrum Treasury System
The Commercial Bank of Kuwait (CBK) has licensed Financial Software Systems’ Spectrum Treasury System for use in its headquarters office in Kuwait. CBK will utilize Spectrum to manage all of its trading activity in foreign exchange and interest rate instruments. Spectrum will provide complete processing of all treasury transactions, ranging from deal-capture in the front-office to confirmations, payments and general ledger accounting in the back-office, according to Spectrum. CBK has also licensed Spectrum’s limits management module for credit risk management in the middle-office, and Spectrum’s FX margin trading module to support the collateralized trading of foreign exchange. Spectrum will replace a variety of vendor-provided and internal systems.