TCorp goes live with SimCorp Dimension

The New South Wales Treasury Corporation (TCorp) has implemented SimCorp Dimension as the portfolio management system for pricing, valuation, settlement and compliance functions for its internally managed fixed income portfolios. The implementation follows a ten-month transition from a suite of in-house systems.

TCorp is the central financing authority for the New South Wales public sector and a leading issuer of semi-government securities in the Australian market. It also plays a key role in managing investments and liabilities for the government, its authorities and businesses.

In the short time since implementation was completed, TCorp has realised benefits through improved portfolio management analytics and compliance monitoring.

"With SimCorp Dimension deals are captured straight away and portfolio positions updated automatically in real time," says Stephen Knight, TCorp General Manager and Deputy Chief Executive.

"As a result we have the information and the tools to monitor investment and credit exposures continually. By being able to check credit exposures pre-trade we can address compliance issues before they eventuate."

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