Gazprombank has licensed EGAR Trading & Risk Systems

Moscow, Russia, March, 29th, 2006. - EGAR Technology has recently won the open tender of Gazprombank for supply and implementation of the limits control system. Following the results of the tender, Gazprombank chose the solution on the bases of EGAR FOCUS- Trading and Risk Management Systems.

Within the framework of the agreement, EGAR Technology will supply EGAR Limits Manager System, which provides financial risk and limits control in real-time mode. The system allows creating and modifying the configuration of limit values and also aggregates and structures any data, influencing the market and credit risk value. The solution will be integrated with the existing Gazprombank core banking system, trading and information systems and data storehouse.

EGAR Trading & Risk Systems (EGAR FOCUS platform) is a modular, fully integrated position keeping system with pricing, reporting and risk management features supporting trading of over-the-counter and exchange-traded derivatives. It is one of the few comprehensive system solutions for the FX, equity, fixed income/interest rate, money market, metals, energy and commodity derivatives markets.