UK-based Yorkshire Building Society has selected SunGard Trading and Risk Systems' BancWare product for asset and liability management.
The building society will use BancWare to provide interest rate risk management at a group level across multiple business units, incorporating measurements for optionality, income simulation and market valuation.
Nigel Boot, asset and liability manager at the Yorkshire, says: "We liked BancWare better than the other solutions we evaluated because of its ability to accurately model the range of instruments on our balance sheet. BancWare’s modular and scalable approach meets our ALM requirements both now and in the future."