More NewsCalypso Wins Orders from Banque de France and Banco de España

Calypso Wins Orders from Banque de France and Banco de España

Calypso Technology said that two European central banks, Banque de France and Banco de España, have jointly selected the group as provider of their core treasury and trading system.

The institutions will implement the Calypso system to manage their foreign exchange (FX) activities, portfolio management, reserve management, collateral management, risk management and accounting.

Both banks initiated the market activities processing system (MAPS) project in 2013 to replace legacy systems. Banque de France and Banco de España sought a flexible solution that enabled greater coordination and efficiencies across all bank functions. Calypso was selected following a restricted tender process.

The group’s solution will support FX and FX derivatives, fixed income, money market instruments, interest rate derivatives, credit derivatives, precious metals and equities from pricing and portfolio management to collateral management and accounting.

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