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Head office: Level 3, 12 St George’s Terrace, Perth, WA 6000, Australia Tel: +61 8 9223 7600 Email: info@cck.com.au Other offices: Kuala Lumpur, Sydney, Manila, Jakarta Website: www.guava-treasury.com Contacts: Joe Wong, Helen Glastras Founded: 1981 Ownership: Privately owned, prior to which it had been listed on the Australian Stock Exchange (ASX), with 12.8 per cent owned by Rubik, the rest by senior management, private and institutional shareholders. Delisting was in December 2012 Number of staff: 40


Guava Dealer, a tool for dealers to price money market, foreign exchange and derivative instruments, capture trades, apply risk analysis and calculate hedge strategies. A middle office risk offering, renamed Guava Risk, is focused on internal risk control by providing a framework for integrated market risk, liquidity risk, and limit management. There is also Guava Reporter, a reporting and analytical tool for defining online enquiries and reports. The Guava Suite was developed to provide functionality for Islamic treasury departments as well as conventional ones. After a difficult year, CCK made a good start to 2002. ING Bank once


more entered the frame in the form of ING Direct. After a notably short project, less than two months, the bank cut over to Guava Ops for its operation in Sydney. The system supported ING Direct’s money market activities, securities trading, and derivatives. The securities element included support for mortgage and asset-backed securities, which made up a significant part of the bank’s investment assets. In March 2002 came another bit of good news when American Express International in Sydney signed for Guava Ops for the back office and Guava Dealer for the front office to support its Australian foreign exchange business. RHB Sakura Merchant Bank in Malaysia, an Infinity I user, opted to upgrade to the Guava Suite after a long drawn out procedure with both Misys and Temenos in the frame. Meanwhile, in Papua New Guinea, it was hoped there could be an expansion of the system following PNG’s merger to form Bank of South Pacific, although the user seems to have subsequently dropped off CCK’s customer list. In September 2004, the Southern Bank Group comprising Southern Bank in Malaysia, Southern Bank in Singapore, Southern Investment Bank and Southern Finance signed a letter of intent to implement the Guava Suite throughout the group. Sungard software was to be replaced in two of the locations. Towards the end of the year, RHB Singapore, an existing Infinity user, signed


for the Infinity Derivatives module. This was the last known order for Infinity and the supplier stopped actively marketing the system. At the beginning of 2005, Affin Merchant Bank, also an existing Infinity user, signed a letter of intent to upgrade to the Guava Suite, although towards the end of the year, Sungard pipped CCK at the final selection hurdle at Affin Malaysia, an existing Sungard user, with its AvantGard Quantum and Risk products to support its treasury management operations in the region. However, by early 2005, CCK was claiming five Malaysian Islamic sites. Three further Malaysian wins for the system were announced at the beginning of 2006, with contracts signed with PM Securities, K&N Kenanga and OSK Securities. Nonetheless, the latter subsequently signed for Misys’ Summit for derivatives and Islamic products. Non-Islamic deals have included one in early 2007 from United Coconut Planters Bank in the Philippines, its first win in that country (although the implementation ultimately failed to proceed), plus HomeStart Finance, an initiative of the Government of South Australia established to help people on lower incomes to step on the ladder of home ownership, later in the year. A deal from DBS followed, taking Guava to handle an impending new line of business within its Global Financial Markets department which could not be handled by its existing treasury system. There was also then a win at Union Bank of the Philippines (UBP), to replace Misys’ Opics, and less than a month later, Security Bank Corporation, also of the Philippines, followed suit. At home, CCK added a useful name to the customer list with National Australia Bank, with Guava Suite taken at least at the outset for a niche area in group treasury, support for structured notes. 2009 seemed to provide evidence that CCK was gaining traction in Asia Pacific, with UBP going live early in the year, plus a further win obtained in this country at Rizal Commercial Banking Corporation. In addition, there were first wins in Taiwan and Indonesia, at Kuo Hua


Islamic Report www.ibsintelligence.com 89


company details


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