Kredyt Bank - SKOF, the System of Financial Operations Inspection
Details of implementation
SKOF (System for Financial Operations Control), implemented and used in production in Kredyt Bank, is a solution which provides for full automation and flexibility in preparing evaluation of transactions from bank portfolios with different sets of initial market data.
Kredyt Bank is a large quoted universal bank, holding a position among the first ten banks in Poland. It provides services for various groups of clients, in particular retail clients, private banking sector, and small-and medium-sized enterprises.Kredyt Bank has awell-developed Treasury Department,which conducts activities for the Bank and for its clients. It is an active participant in the money market (treasury bills and NBP/National Bank of Poland/bills), bonds market (treasury and commercial bonds), currency market, and interbank market. It also conducts transactions with derivatives, i.e. forwards, FX swaps, IRS, CIRS, FRA, interest rate options, and currency options. Apart from trading activities conducted for itself, the bank secures open items of the banking book.