Great Western Bank, Chatsworth, Calif., will install an asset/liability management system developed by Risk Management Technologies and Software Alliance Corp..

The $38.4 billion asset savings and loan will use the system to manage its balance sheet. The system allows the bank to provide option adjusted cash flow analysis, which is driven by the technique of Monte Carlo simulation, allowing the thrift to value embedded options throughout its portfolios both on and off the balance sheet. Great Western will be able to model hundreds of different interest rate scenarios.

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