Rabobank Nederland in New York, the U.S. operation of the international bank headquartered in the Netherlands, recently purchased a central reporting system from New York-based ACT Financial Systems. The system will act as the central reporting system for all in-house and external trade processing throughout the U.S. operation. It will monitor multicurrency risk associated with counterparties to determine the branch's total related credit exposure.
Installation is scheduled for completion by yearend. It will be running on a Digital VAX platform.