26 May 2014
Cecabank has obtained the highest overall score in the assessment of awarding criteria by ICO. It valued the broad coverage of services proposed by Cecabank. Above all, it valued its technological infrastructure and flexibility to adapt to technical and business requirements. That is why ICO opted for the bank's risk and trading platform.
The offer presented by Cecabank is a one-stop solution. It is modular, scalable and global and covers support for Treasury and Capital Market management. The service involves the capture and administration of treasury management operations. It also covers accounting management and control of risk positions.
Cecabank will be responsible for the maintenance, support and development of the risk and trading platform, as well as all the services required for it to work. The scope of the proposal also covered the latest market and regulatory requirements. For instance, the efficient management of collateral, EMIR regulations, the notification of operations to the Trade Repository and advanced risk measurement methodologies.
Cecabank already provides a risk and trading platform service to six banks.It also provides partial services of this platform (risk management, collaterals and EMIR directive compliance) to nine other companies.
Taking on ICO, a public credit institution, as another Cecabank customer is another step forward in its commercial expansion. This confirms the value of the financial and technological services provided by this specialised wholesale bank.
