Bank of Thailand implements SimCorp Dimension
08 July 2019 Bangkok
Image: Shutterstock
The Bank of Thailand has gone live on SimCorp Dimension, utilising the solution across its reserve management and monetary policy operations.
With the implementation of SimCorp Dimension, the Bank of Thailand has reformed its risk management, performance and attribution, compliance, collateral management, settlement and accounting.
SimCorp Dimension provides automated workflows minimising the need for human intervention in transaction processing, reducing operational risk and generating reliable and informed investment decision making.
The integration of SimCorp’s Order Manager, with Bank of Thailand’s execution platform, replaces voice conversations and manual post-trade capture between execution and order management.
SimCorp’s source-agnostic investment management tool provides fully automated market data, without the need for manual data transfer.
Integrated interbank offered rates delivering one core source of data, minimises the need for manual reconciliation. This includes the replacement of manual intervention with integrated, real-time positions for pre-trade compliance.
Wongjan Sripaoraya, head of the reserve management department at the Bank of Thailand, said: “We now have a better holistic view of our reserves management, enabling a thorough analysis of our data, which we have been striving for. SimCorp’s commitment to delivering this, together with the many benefits we have realised through consolidation, have proved invaluable. We look forward to continuing this valuable partnership in the future.”
Oliver Johnson, managing director of SimCorp Asia Pacific, commented: “It is an honour to have the opportunity to establish a long-term partnership with The Bank of Thailand and welcome this esteemed institution to the SimCorp community.”
He added: “It forms a leading example among asset owner peers across Asia, who are faced with increasing risk build-up and striving to improve their investment management capabilities. The region’s growing reserves and market complexity will continue to strengthen the insourcing trend and increase the need for integrated, multi-asset investment management solutions.”
With the implementation of SimCorp Dimension, the Bank of Thailand has reformed its risk management, performance and attribution, compliance, collateral management, settlement and accounting.
SimCorp Dimension provides automated workflows minimising the need for human intervention in transaction processing, reducing operational risk and generating reliable and informed investment decision making.
The integration of SimCorp’s Order Manager, with Bank of Thailand’s execution platform, replaces voice conversations and manual post-trade capture between execution and order management.
SimCorp’s source-agnostic investment management tool provides fully automated market data, without the need for manual data transfer.
Integrated interbank offered rates delivering one core source of data, minimises the need for manual reconciliation. This includes the replacement of manual intervention with integrated, real-time positions for pre-trade compliance.
Wongjan Sripaoraya, head of the reserve management department at the Bank of Thailand, said: “We now have a better holistic view of our reserves management, enabling a thorough analysis of our data, which we have been striving for. SimCorp’s commitment to delivering this, together with the many benefits we have realised through consolidation, have proved invaluable. We look forward to continuing this valuable partnership in the future.”
Oliver Johnson, managing director of SimCorp Asia Pacific, commented: “It is an honour to have the opportunity to establish a long-term partnership with The Bank of Thailand and welcome this esteemed institution to the SimCorp community.”
He added: “It forms a leading example among asset owner peers across Asia, who are faced with increasing risk build-up and striving to improve their investment management capabilities. The region’s growing reserves and market complexity will continue to strengthen the insourcing trend and increase the need for integrated, multi-asset investment management solutions.”
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