(Vocus) March 10, 2010
BOCI, a wholly owned subsidiary of Bank of China Limited specializing in investment banking, has implemented SunGard’s Global One securities finance solution to help support its securities lending operations. BOCI uses Global One’s Lender module to help support its new stock lending business for Hong Kong stocks and mainland Chinese companies that are listed on the Hong Kong Stock Exchange.
SunGard’s Global One is a suite of application modules that create an integrated solution to help meet the needs of international securities financing, covering principle and agency trading and settlement. Global One integrates with BOCI’s technical architecture, which helped accelerate time to market. In addition to using Global One to manage its core lending program, BOCI uses the solution’s Global View reporting tool to produce a suite of tailored reports for BOCI clients.
Craig Costigan, executive vice president and general manager, securities finance for SunGard’s capital markets and investment banking business, said, “We are pleased to be a component of BOCI’s business growth in securities lending. BOCI’s implementation of Global One demonstrates that SunGard’s solutions and business experience are able to help customers successfully launch and grow their securities lending programs.”
BOC International Holdings Limited and its subsidiaries (collectively known as “BOCI”), which specializes in investment banking, is a wholly-owned subsidiary of Bank of China Limited (BOC). Founded on July 10, 1998 in Hong Kong, its presence can be traced back to 1979 when it was first established in the name of China Development Finance Company (HK). With an in-depth local knowledge of China and an international perspective on global markets, BOCI is an expert in the China and Hong Kong capital markets business. BOCI stands out in a number of areas, including product and service range, business structure, sales network, excellent track record and deep experience in capital markets operations. BOCI has created an organizational framework with an effective integrated management system. It has subsidiaries in New York, London, Hong Kong and Singapore, and a sales network covering China and overseas markets. With a broad institutional and retail sales network and a global management operation, BOCI is well positioned to offer its local and offshore clients a wide range of investment banking services, including securities underwriting, mergers and acquisitions, financial advisory, equity sales and trading, fixed income, equity derivatives, private wealth management, asset management, private equity investments, and leveraged and structured finance.
About Global One
A multi-currency system for international securities lending, Global One supports both brokers and lenders. Organizations use Global One and its real-time communications capabilities for the administration and management of international and domestic securities lending activities, including borrowing and lending, buy-backs and sell-backs and repos.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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