Union Bank Goes Live with Eurobase
Eurobase’s real-time front office treasury management solution, Siena, has been contracted by the Union Bank For Savings & Investment, Amman. The system is being used to support the bank’s multi-product trading operation covering FX, money market and derivatives. Full straight-through processing (STP) is facilitated using Siena’s generic import and export mechanisms. Integration with the bank’s electronic trading systems and existing Bankmaster back office system will help increase transaction processing efficiency, reducing the costs associated with trade processing and improving dealer productivity. It will also enable the front office to focus less on trade administration and trade processing and more on revenue generation across the different asset classes.