Nordic funding agencies Kommuninvest and Kommunalbanken are to install SunGard's Panorama solution for cross-asset trading and straight-through processing combined with integrated market and credit risk management.
Kommuninvest of Sweden and Norway's Kommunalbanken co-operate in the provision of low-cost local government loans and thus required a common solution for synchronising business processes.
Deals will automatically feed through Panorama, generating confirmations and postings to the general ledger, alongside payments and settlements. Panorama will also perform both market and credit risk measurements, and support the setting and monitoring of firmwide credit limits.