(openPR) - Hanover & Luxembourg, 02 December 2008 – In future, Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest German financial institutions, will benefit fully from the Margin Optimiser from FERNBACH, a leading provider of modular service packages for multi-GAAP accounting, risk management, compliance and lending operations.
The uncertainty of future interest development, the fluctuations in customer deposits and customer interest rates in the private customer sector represent the major challenges for FlexFinance® Margin Optimiser.
Unlike previous methods for the management of core deposits, the Margin Optimiser uses dynamic replication to provide optimum investment decisions, relevant risk ratios while preventing compensation payments. It takes current and future fluctuations of the term structure of interest rates and of deposits into account.
With FlexFinance® Margin Optimiser, FERNBACH has created a new and unique tool that provides a reliable basis for the investment of core deposits in volatile markets, both today and in the future. The Margin Optimiser uses stochastic optimisation and creates scenarios that propose an optimum replication portfolio.
A benchmark study conducted specially for NORD/LB by the Institute for Operations Research at the famous Swiss University of St. Gallen prior to implementation proved the potential of the Margin Optimiser to increase income.
For more details please contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a global leader of analytical solutions for the finance industry. Modular software bundles for Multi-GAAP accounting, risk, compliance and loan enable our customers to optimise business processes.
FERNBACH offers a sophisticated component-based solution portfolio which ensures faster time to market and rapid implementation of banking requirements thus mitigating risk and ensuring quality.
Our customers worldwide benefit from our combined expertise to overcome challenges and to provide solutions for future success. FERNBACH innovates to maximise the performance of our clients.
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