The Norwegian bank Sparebanken Möre has selected TradeChannel and the solution TradeseC to manage both their trade reporting obligation and the clearing obligation under EMIR.
TradeseC provides Sparebanken Möre with an automated integrated reporting and validation process from their portfolio management system to Regis TR (www.regis-tr.com). TradeseC also provides Sparbanken Möre with integration to Markit (www.markit.com), automating their clearing obligation. The solution provides a high level of control and transparency on transaction level, including transactions, valuation and collateral in the reporting process.
“We looked for a solution that could manage our EMIR obligations. A key element for choosing TradeChannel was, apart from that they have a flexible and fully scalable solution, their ability to support us in interpreting all the issues that comes with EMIR. I really appreciate how they helped us concretize what needed to be done and having the technical know-how to solve it”. – Trond Hugo Stenseth, Senior Risk Manager, Sparebanken Möre
TradeChannel welcomes Sparbanken Möre as a client and look forward to future cooperation, helping them to automate their processes to reduce their operational risks and costs.
Enquiries regarding this announcement and TradeseC should be addressed to
Andreas Bergh, Vice President, Head of Sales, TradeChannel AB, +46 (0) 812 13 95 19
About Sparebanken Möre
Sparebanken Möre is a Norway-based regional bank, headquarted in Ålesund. The Bank’s primary market area are the More and Romsdal regions in Norway. They have 30 offices in 24 municipalities, and the group has total assets of 60.1 billion NOK.
TradeChannel AB is based in central Stockholm where the company develops, supports and sell its standard solution TradeseC, an integration hub that streamlines the transactional communication and distribution for our clients.
TradeChannels client base consist of some of the largest asset management firms, fund managers and fund administrators in Northern Europe.
The company has extensive financial and technical knowledge.