BOCI Implements SunGards Global One Securities Finance Solution
BOCI, a wholly owned subsidiary of Bank of China Limited specializing in investment banking, has implemented SunGard’s Global One securities finance solution to help support its securities lending operations. BOCI uses Global One’s Lender module to help support its new stock lending business for Hong Kong stocks and mainland Chinese companies that are listed on the Hong Kong Stock Exchange.
SunGard’s Global One is a suite of application modules that create an integrated solution to help meet the needs of international securities financing, covering principle and agency trading and settlement. Global One integrates with BOCI’s technical architecture, which helped accelerate time to market. In addition to using Global One to manage its core lending program, BOCI uses the solution’s Global View reporting tool to produce a suite of tailored reports for BOCI clients.
Craig Costigan, executive vice president and general manager, securities finance for SunGard’s capital markets and investment banking business, said, “We are pleased to be a component of BOCI’s business growth in securities lending. BOCI’s implementation of Global One demonstrates that SunGard’s solutions and business experience are able to help customers successfully launch and grow their securities lending programs.”