CRDB Bank has a treasury operation spanning the areas of Foreign Exchange, Fixed Income & Money Markets. CRDB Bank proposed to leverage its expertise in treasury, investment management and securities trading to exploit market opportunities. In order to better enable trader & back-office support, facilitating better efficiency and thus maximizing profits, the bank invited bid’s from world-leading providers of Treasury Solutions, in an effort to acquire a best-in-class, current generation treasury & investment management solution.

Management solution was based on the product superiority, functionality, ease of use and support for open standards, thereby ensuring a smooth interface with our current Bankmaster Core banking system, through the XML based, Message hub (mHub) Utility”  quotes Mr.Simon Migangala Director – Treasury CRDB Bank.

CRDB had earlier implemented Reuters in its dealing room and found the LINK/2K middle-ware from KASTLE, developed through their Application Development Partnership (ADP) with Reuters, critically attractive, enabling seamless integration between the Reuters Dealing-3000 system and its trading system. KASTLE is an integrated treasury management solution covering several key markets such as Foreign Exchange, Money Markets, Equity and their related derivative instruments. This system will provide CRDB Bank with a sophisticated, multi-entity, multi-portfolio, multi-dealing room environment supported by robust risk management, back office management and MIS. The solution is capable of real-time feed integration from multiple service providers for choice of instruments/currencies, and can download transactions from various dealing systems such as Dealing 3000.

To meet CRDB’s Asset & Liability Management needs, Technology Associates has implemented PINNACLE that provides the Bank various analytical tools that enable active asset liability management to ensure they stay balanced over time, maximize profitability, thus providing prudent capital adequacy.

PINNACLE deployment at CRDB also facilitates identification of sources of risk and their measurement, beyond which it also deals with profitability and growth management and thus deals with both sides of the risk-return equation.

PINNACLE is multi-currency product, offering a variety of powerful, risk evaluation, and analytical utilities that enable strategic planning and decision-making to the ALCO Committee at CRDB.

Apart from standard regulatory reports in the asset liability management processes such as Capital Adequacy, PINNACLE offers CRDB several additional features and analytical tools including Rate Shock Analysis and Scenario Analysis using the Monte Carlo technique as well as Variance Analysis and Trend Analysis. All statutory reports of Bank of Tanzania have also been incorporated in the PINNACLE deployment at CRDB.