Shunde Rural Commercial Bank (Shunde RCB) has gone live with Misys Opics Plus and Misys Opics Risk Plus.

The integrated solution will allow the bank to manage and grow its treasury operations more efficiently, particularly its large-scale bond business, and to seek new business opportunities.

Formerly named Rural Credit Cooperatives Union of Shunde and on 23 December 2009 renamed Shunde Rural Commercial Bank, it is one of the oldest financial institutions in Shunde. It is the first rural credit cooperative union that transferred to a joint-stock rural commercial bank in FoShan city of Guangdong province in China. Treasury is one of the bank’s key business focuses.

Shunde RCB selected the powerful treasury management solution, Misys Opics Plus, to improve exposure management by pooling risk exposure centrally in order to manage the process better. Additionally, the solution will help the commercial bank to improve risk management through enhanced reporting, controls and risk management tools across the business from front to back office. This will enable Shunde RCB to meet its regulatory requirements on new accounting policies and to provide a more robust risk management system.

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