SunGard says that the Bank of Nanjing has selected SunGard’s Ambit Treasury Management solution to provide an integrated treasury management approach across its domestic and foreign currency products and to help improve its risk management practices.

The Ambit Treasury Management solution will replace the bank’s existing systems and manage its local money market and fixed income products, as well as its foreign exchange deals. It will also help the bank to manage its derivatives, helping it to maintain its trading book on a single system.

Risk management capabilities have taken on increased importance for all banks in China. The Ambit Treasury Management system will provide the Bank of Nanjing with a market risk management tool kit that includes scenario simulation and VAR for the bank’s traditional financial instruments as well as the new derivatives it wants to trade. The solution’s limit management capability will also help the bank ensure its interbank credit risk remains within controllable boundaries.

Bank of Nanjing Corp. Ltd is a new-style joint-ownership commercial bank made up of state, domestic-held, foreign-held and public stocks. Headquartered in Nanjing city, the bank presently has 1.837 billions RMB worth of registered capital. It operates over 60 branches with more than 1,600 employees across China.