Calypso software will be used by Banco Penta for its expansion in the interest rate and currency derivatives business.
The system will also support the main local and international products, such as cross currency swaps and interest rate swaps, in foreign currency with local benchmarks such as the CLF, the Peso, the Camara and the dólar observado rate, according to Calypso Technology.
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Through the Calypso solution, the bank and its branches will be able to offer their clients a variety of swaps and financial products. Banco Penta will consolidate their technology infrastructure by incorporating products currently supported by other systems into Calypso, such as FX Spot, FX Forwards, FX Swaps, local and international fixed income and inflation indexed products.
Recently, the bank had undertaken an aggressive expansion in the capital markets, focusing on sophisticated financial products such as interest rate and currency derivatives, with the plan of doubling their revenue year after year for the next five years.
Banco Penta is provider of capital markets, financing, asset management and corporate finance for private banking, corporate and institutional clients.
