Calypso Technology Launches Basel III Solution for Liquidity Management
Calypso Technology Inc., the global capital markets platform provider, today announced the launch of a new liquidity management solution that enables global banks and other financial institutions to comply with Basel III standards. The treasury system provides intra-day, short-term and long-term liquidity management capabilities in addition to extensive cash management functionality, allowing institutions to address the Basel III liquidity requirements.
The Calypso solution addresses two key challenges facing treasuries today when managing and forecasting liquidity. One is the ability to aggregate cash flows and data from multiple systems and/or business units as the system can capture trade and cash flow data from various sources through its robust interfaces. Another major differentiating benefit is the system's ability to model all asset classes (including cash and derivatives products) or integrate custom pricing models so that managers can perform market data perturbations or simulate behavioral assumptions into business-as-usual or stressed scenarios.
The Calypso single platform offers treasurers the ability to manage enterprise concerns such as survival horizon, asset liability distortion and intra-day liquidity usage. Apart from producing the required metrics, namely Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), credit line usage ratio, asset maturity mismatches and funding concentration, the Calypso platform also allows treasurers to understand the key significant currencies by running balance sheets at a currency level. The flexibility and architecture of the system enable organizations to align their risk management objectives to the reporting required by Basel III principles. The powerful scenario engine allows stress testing banking products, capital market products and collateral positions and enables smooth management of liquidity risk, both operational and regulatory. The real-time access to nostro and custody positions allows the survival management and intra-day liquidity to work off the same data. With the inventory of the group in its views, the treasury can allocate and manage liquid assets more effectively.
David Little, Director of Strategy and Business Development at Calypso Technology, explains, “As Basel III is implemented over the next few years, the mandate will continue to evolve with increased emphasis on firm-wide risk management and capital planning. Our new solution enables treasurers to comply and manage enterprise concerns. Treasurers and CTOs now have a comprehensive, cross-asset bank treasury system that can help manage all internal and external funding activities and provide real-time assessment of liquidity risks within balance sheets. Calypso Technology is committed to the treasury space and we are excited to be launching this much-needed solution for a growing area of concern for banks.”
Notes to Editors
About Calypso Technology, Inc.
Calypso Technology is a premier global capital markets platform provider, serving financial institutions of all types with a full range of integral cross-asset front-to-back office solutions for treasury and derivatives including trading, risk, processing, clearing, collateral, cash management, liquidity, accounting and reporting. The Calypso platform is steadily emerging as a global standard for capital markets businesses and serves as an ideal foundation for innovation and future growth.
Calypso Technology has over 130 clients in over 40 countries - including banks, central banks, sovereign funds, asset managers, insurers, hedge funds, prime brokers, exchanges, clearing houses, processing services and other service providers. Calypso Technology is committed to industry-renowned levels of customer service, research, development and innovation. The company has over 700 employees and 17 offices globally. “Calypso” is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions.
Charlie Morrow / Sarah Nadif
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Kevin Maher / Angela Byrne