Complex Custody solution in ČSOB.SK

8. March 2016

Československá obchodná banka, a.s. has chosen CTS TRADE IT, a.s. as the supplier of a complex Custody solution. CTS implementation will extend the existing custody capability of ČSOB, will provide functionality for processes automation, connectivity to the CSD.SK and the BSSE and will be a cornerstone for upcoming transition of the Slovak market to T2S (European platform for the settlement of securities transactions). With the CTS implementation the bank gains a new, stable and efficient system, thanks to which it significantly reduces the operating costs, streamlines the custody processes and leverages quality of the services provided to its customers. With this project our company acquires another major banking client and expands its presence in the Slovak market.