Type of financial institution: Co-operative (made up of 161 independent banks) and offering universal banking Headquarters: Utrecht, Netherlands Branches: Represented in 43 countries (1000+ in Netherlands alone) Assets: $830.95 million Project scope: Treasury and capital markets
System/vendor replaced: The Atlas system on a proprietary Tandem platform for FX,MM; Sungard's Devon for derivatives System/vendor installed: Calypso Technology: Sun Solaris and Oracle Current functionality: FX,MM, interest rate derivative back office
Interfaces: Kondor+, Peoplesoft GL, Swift interface, a range of other internal systems, plus links to clearers Selection team: Bank Selection time: One year Installation team: Bank and vendor Installation time: Two years for first phase Level of satisfaction: High