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Central banks sign up to Calypso
02 April 2014
Banque de France and Banco de Espana select Calypso
Banque de France
Banco de Espana
Two European central banks - Banque de France and Banco de
Espana - have jointly selected Calypso as their core treasury
and trading system.
The institutions will implement the Calypso system to manage
their FX activities, portfolio management, reserve management,
collateral management, risk management and accounting.
Banque de France and Banco de Espana initiated the market
activities processing system project in 2013 to replace legacy
systems. After a restricted tender process, they selected
Calypso on the basis of its strong technical fit, cross asset
end-to-end functionality and ability to support capital markets
operations of multiple central banks on one single platform,
shared as a common system, while fulfilling strict data
The Calypso solution will support FX and FX derivatives, fixed
income, money market instruments, interest rate derivatives,
credit derivatives, precious metals and equities.
Calypso chairman and CEO Charles Marston said, "We expect that
other central banks both within the eurozone and worldwide will
closely monitor this endeavour." The company also works with
the Hong Kong Monetary Authority and the Bank of Korea.