NRI LAUNCHES NEW ASP MULTIPURPOSE MANAGEMENT SYSTEM FOR FINANCIAL INSTITUTIONS

System provides due day management for structured bonds and OTC derivatives and cash management   TOKYO, June 14 (Bernama-BUSINESS WIRE) -- Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced the launch of VOLCS, an ASP (Application Service Provider) multipurpose management system for financial institutions. VOLCS provides two functions such as due day management for structured bonds and OTC derivatives as well as cash management, and the former is usually not available in an existing enterprise system. Each function can be used independently and thus can be used by non-financial firms depending on their purposes. Most recently, structured bonds and OTC derivatives have been receiving more attention due to the effects of stock price changes and Japan’s negative interest rates. Both financial products are complicated and require detailed calculation and settlement day management, causing a major operational and financial burden to financial institutions. VOLCS enables its users to reduce the operational burden significantly, resulting in increased trading volume. They can also reallocate their resources from due day management to strategic division for more sales power.

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