Wall Street Systems says that its Treasury TremaSuite 6.5 system will fully integrate and automate the bank’s foreign reserve management and monetary policy operations, including consolidated accounting and audit.
We selected WallStreet Treasury TremaSuite based on its end-to-end capabilities and flexibility to integrate seamlessly and cost-effectively within our existing in-house systems, said Frantisek Szulenyi, director of risk management at the National Bank of Slovakia (NBS).
Wall Street Systems says that TremaSuite is used by most central banks within the European System of Central Banks (ESCB).
As one of the more recent entrants to the ESCB, the NBS will benefit from TremaSuite’s latest Central Banking Accounting Module (CBAM) to bring the bank in line with revised Eurosystem accounting standards as drawn up by the Governing Council of the European Central Bank.
In addition to CBAM, the NBS has acquired TremaSuite product licenses for its real-time platform, foreign reserve management module, monetary policy module, performance & attribution module and the accounting module.
This win brings the total number of central banks using TremaSuite to 18 and the number of government financial institutions in the company’s portfolio to 40, said Terry Beadle, regional vice president of government & ROW at Wall Street Systems.
The implementation project, which began on September 4, 2006, is expected to be completed by July 2008. It will be carried out by PreFIS, Wall Street Systems’ Slovakian sales, implementation and support services partner for TremaSuite since 2001.
