Česká spořitelna
Introduction to cooperation
To accomplish its objective of bringing greater prosperity to people and society, Česká spořitelna selected our CTS system in 2008, and since then it has been its primary Treasury system for trading purposes.
In addition to direct trading solutions, securities settlement including an on-line interface and settlement and management of clients' assets (custody), CTS supports the settlement and billing of OTC products (currency / interest rate options and swaps), ISB reporting related records, portfolio management for maintaining the status and accounting records of Česká spořitelna portfolios, accounting and other systems of the bank and functionalities in the area of yield payments (corporate actions). The implementation of both the new European MiFID II / MiFIR directives, which brought fundamental changes in the provision of investment services, and new GDPR for personal data protection, were also successful.
Česká spořitelna is the leader in retail investments on the Czech market. To maintain our position, we need to focus more on using the modern IT technologies. This was one of the reasons why we decided to replace the old DON system, which had been in use in Česká spořitelna for almost 20 years, with the new CTS system. In the coming years, we will increasingly concentrate on innovation in our digital investment offering and we intend to build on the CTS system in this area.
Read our case study
CTS implementation at Slovenská sporiteľňa
CTS implementation resulted in a reduction in operating costs for the treasury department thanks to higher quality IT support for securities trading processes on both domestic and foreign stock exchanges and a more effective connection to the central securities depository in Slovakia, including direct support for the sales of treasury products in the bank’s branch network
