MULTI-CURRENCY SYSTEM
PROJECT SUMMARY

Client:
Universal bank - Applications Systems and Development

Engagement:
Manage development of a multi-currency trading and settlement system. Scope included determining user trading and settlement requirements in North and Latin America supporting global fixed income, equity, and derivative products.

Deliverable:
Managed a team of 12 analysts who interviewed staff in the sales, trading, settlement, and custody areas. Objective of user interviews was to identify the critical services and requirements to be addressed by the system to ensure the acceptance by the local user community. The analysts had to identify the unique and generic business and regulatory requirements in each region and transfer these requirements into functional specifications to be used to develop the new system.

The project team developed a 1,500-page specification outlining functionality required in each region of the Americas. Through efficient and comprehensive analysis, development effort was reduced by 35% of the project time resulting in delivery of the system to 10 locations throughout the Americas within 18 months of project start.

Result:
Client eliminated reliance on external system providers as well as the associated expenses. In addition, processing capabilities improved, resulting in enhanced services to clients. The system was implemented in 27 markets throughout the Americas, Asia, and Europe.

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