A funds transfer pricing system that values the sources and uses of bank funds was released by Sendero Corporation, Scottsdale, Ariz. The PC-based system lets the user define the method for pricing instruments and portfolios. Other features include individual account pricing, multiple transfer methods, and a Windows interface.
The product will be beta tested at the Farm Credit Bank of Spokane, Wash., a $2.9 billion-asset cooperative. The bank hopes to use the information to raise managers' awareness of the actual cost of funds and of which products produce higher margins.
Sendero Corporation is a wholly owned subsidiary of Milwaukee-based Fiserv Inc.