Treasury transformation: Design drives deep differentiation

Client Overview:

The client is one of the top five G-SIBs (Globally Systemically Important Banks).

The Challenge:

  • Disparate systems and different versions across 17+ countries in EMEA, Japan, US and Canada resulting in higher TCO and increased operational complexity
  • Absence of a consolidated Risk Sheet across multi-currencies and branches
  • Manual transfer positions across branches was potentially error-prone and
  • time-consuming
  • Lack of a centralised system impeded generation of consolidated regulatory reports
  • Time-consuming Manual Reconciliation of positions across branches
  • An unreasonably high position consolidation time of 8 hours
  • Manual intervention for squaring of positions
  • Inability to respond to changing market / client and regulatory demands


  • Front & mid office components for FIS and MM with rich functionalities
  • Deep domain expertise
  • Program management experience in large banks
  • Implementation certainty with matured tools and methodologies
  • Support excellence catering to a global business

Key Achievements:

  • A non-disruptive centralisation approach
  • Phased delivery approach ensuring early delivery and testing
  • 15 months delivery across 4 phases with zero incidents
  • Gradual on-boarding of products and branches ensuring no impact to BAU
  • Optimised resource management ensuring no cost or schedule overrun
  • Strong project governance with early warning mechanisms

Business Benefits:
A. Improved Trade Productivity

  • Over 96% reduction in position consolidation time
  • Real time risk exposures
  • Accelerated deal booking in less than a second
  • Rules based auto-squaring to auto execute and close out positions
  • Bulk booking of deals including bulk amendments
  • Auto refresh of Risk Blotter results in time saving and facilitates timely decision making
  • Simulation on Accruals, MTM and Factor of sensitivity one day prior enabling business to see the delta and theta figures more accurately
  • Pre Termination without splitting of Trades
  • Templetised deal booking to book trades in 2 clicks
  • Instantaneous transfer of positions across desks

B. Increased accuracy of funding decisions:

  • Real-time online visibility of global positions and risk improved the funding desk accuracy
  • Historical cash flow analysis and liquidity stress testing are supported leading to more accurate forecasting

C. Improved Risk Management

  • Simulation of Risk and P&L measures for defined market conditions
  • Transaction by transaction monitoring by real time risk monitors
  • Call Notice Feature to manage the customer Call accounts better, facilitating better liquidity and interest on Call accounts
  • Combined Risk Sheet helps better compliance to the regulatory and cash flow limits

D. Other benefits

  • Faster time to market with easy addition of new products and integration with bank’s internal global Risk and Reporting systems
  • Improved operational efficiency, compliance with on-line limits monitoring and profitability across branches
  • Reduced TCO and operational complexity with a single integrated risk and treasury solution
  • EOD processing time which used to be an overnight affair with legacy system, drastically reduced to few hours