RZB strengthening Repo and Securities Finance Operation with Anvil ARTS

20th February 2006, London: Raiffeisen Zentralbank Österreich AG (RZB) has chosen Anvil ARTS for their Repo and Securities Finance system. With the financial markets in Central and Eastern Europe (CEE) developing rapidly and with RZB considering CEE as its home market, strengthening their Repo and Securities Lending operations is consistent with their strategy. They needed a powerful system to be a comprehensive fit for their current needs and incorporate the ability to grow with them through any future expansion.

“Being among the pioneers in the European Securities Finance Business, RZB developed an expertise in stock loan and equity finance as well as in fixed income Repo and collateralised money markets”, says Nicolaus Hagleitner, Head of RZB Global Treasury. “Combining the competence emanating from each of these segments has led to RZB’s competitive edge. To keep this advantage in the course of our strong growth it was pivotal to tweak the system environment.”

“After a thorough evaluation of the systems available on the market as well as the in-house option, Anvil ARTS proved to be the best fit,” adds Philipp Mittermaier, RZB Project Manager. “Not only does ARTS meet and exceed our requirements in terms of functionality and growth digestibility – it is also first class where system-level integration is concerned.”

Increased Repo volumes have led to a need for state-of-the-art technology systems to drive the business forward rather than holding it back. Anvil prides itself on a partnership model which adds bottom line value to clients’ businesses. Anvil ARTS allows traders to focus on what they do best - trading.

“Our expert knowledge in the Repo and Securities Finance field has allowed us to develop a system that supports high volumes and efficient trading, with reduced administration and risk. We believe that this expertise is one of the core reasons that vendor systems are proving to be more popular than in-house builds – particularly for Anvil products,” said Malcolm Clark, ex-trader and Anvil’s product strategist. “The vast majority of our clients are really business partners, working alongside us to meet the challenges of the changing business environment. Anvil has a truly global offering, supported by clients and Anvil offices on five continents. RZB operates the leading banking network in central and Eastern Europe from Moscow to Montenegro, Hong Kong to New York. We very much look forward to furthering the business of Repo and Securities Lending in this exciting and fast-paced space with all the challenges it has to offer.”

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