Thanks to the CTS TRADE IT trade system, SAB o.c.p. together with other members of the financial group have new options to offer its clients the ability to open asset accounts with the Czech Central Securities Depository.
The CTS system, which is implemented at the company’s head office, provides the financial group with access to the Central Securities Depository in which shareholders are registered and managed, custody transfers are executed and we keep the related ISB records - a customer account.
We chose the CTS system based on positive references and experience on the market. We were looking for a reliable solution to meet our needs and did not want to experiment and deploy a temporary system with no potential for future expansion. Thanks to the stable foundation offered by CTS and its capabilities, we now have the right tool to support our long-term business strategy.
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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