More NewsUnited Bank Goes Live with Derivatives Platform in Pakistan

United Bank Goes Live with Derivatives Platform in Pakistan

United Bank Limited (UBL) has implemented the Principia System for managing its derivatives business. The bank is the first one in the country to adopt derivatives in its trading and risk management practices. After an extensive review of derivatives risk management system, the bank selected the Principia System on the basis of its broad functionality and ease of installation and maintenance. As the swap market continues to evolve in Pakistan, the system will enable UBL to strengthen its first-to-market advantage in the Pakistani derivatives market. It will enable the bank to more accurately price, risk manage and account for a wide array of derivative instruments. Principia System’s core application met all of UBL’s business functional requirements for end to end processing.

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