OCBC Uses FSS' Spectrum MarginTrac for Risk Management

Oversea-Chinese Banking Corporation (OCBC) has licensed the Spectrum MarginTrac System from Financial Software Systems (FSS). The bank will use Spectrum as its collateralised trading and risk system for treasury clients in foreign exchange (FX), FX over-the-counter (OTC) options (including exotics), and non-deliverable forwards (NDFs). Spectrum will be used for pre-trade and post-trade risk management, collateral management, and treasury sales desk client margin and commission management. The Spectrum implementation will include full integration into OCBC’s global risk management architecture.

Joseph Kubeyka, managing director of FSS Asia-Pacific region, said: “We are very excited to expand our strategic relationship with OCBC. By selecting Spectrum MarginTrac, OCBC has decided to make Spectrum and FSS key components of OCBC’s long-term strategic technology plan. Spectrum MarginTrac will enable OCBC to deploy our solution on a global basis for both sales and trading, while enabling OCBC to quickly offer new and innovative products to their client base.”

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