Three building societies in the United Kingdom have licensed the asset-liability management system of Bancware, an operating unit of Sungard Data Systems Inc.

Cheshire, Dunfermline, and West Bromwich Building Societies will use Bancware's Convergence software to model and forecast balance sheets, income, and cash flows.

The system will let Dunfermline Building Society "improve in stochastic modeling changes in interest rates, business development, prepayment, costs, and any interaction of these," said Peter Craigie, treasurer of the institution.

West Bromwich risk manager Chris Bristow said Convergence offers modular and scalable performance measurement that lets the building society anticipate market conditions.

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