CORRECTING and REPLACING: Bank of Shanghai International (BOSCI) Chooses Linedata's Global Hedge Solution to Improve Reporting Capabilities
December 13 2024 - 7:56AM
Business Wire
Please replace the release issued November 13, 2024, at 8:54
a.m. ET with the following corrected version due to "Bank of
Shanghai" being replaced by "Bank of Shanghai International
(BOSCI)" throughout the release.
The updated release reads:
BANK OF SHANGHAI INTERNATIONAL (BOSCI)
CHOOSES LINEDATA'S GLOBAL HEDGE SOLUTION TO IMPROVE REPORTING
CAPABILITIES
Linedata’s innovative solution enhances
efficiency and value for one of China’s leading banks
Linedata (Euronext Paris: LIN), a global provider of asset
management and credit technology, data, and services, today
announces the successful implementation of its Linedata Global
Hedge solution for the Bank of Shanghai International (BOSCI). The
solution was selected to drive efficiency, value, and enhanced
service, especially to improve portfolio management and
calculations. BOSCI decided to switch to Linedata Global Hedge to
balance cost and value. The transition was completed in Q1 of this
year.
The senior management from BOSC International Company Limited, a
local Chinese investment bank in Hong Kong, said, "Switching to
Linedata Global Hedge was the right move for us at this time. We
were looking for a solution that offered long-term value and
service, and Linedata's local expertise, combined with their
support teams fluent in multiple languages, made them the ideal
partner. The implementation has been smooth, and we are already
seeing the benefits in terms of efficiency and accuracy."
"We are delighted to welcome the Bank of Shanghai International
(BOSCI) to our growing family of clients in the APAC region," added
Sally Crane, Managing Director of Linedata Asia. "Our local
presence, combined with teams fluent in Mandarin, Cantonese, and
English, allows us to meet the unique needs of large Chinese banks.
We have supported Chinese asset managers for many years, and our
deep understanding of their specific requirements ensures we
deliver solutions that provide real value."
Linedata Global Hedge solution offers the Bank of Shanghai
International (BOSCI) flexible reporting capabilities and superior
integration with third-party data platforms commonly used by
Chinese asset managers, such as Bloomberg. This integration also
facilitates more accurate calculation of the Net Asset Value,
enhancing the precision of their investment book of records.
One of the key benefits of Linedata's solution is its ability to
support complex fixed income functionalities, including intricate
fixed income products. This capability is critical for large
financial institutions like BOSCI, ensuring they can manage their
portfolios with greater accuracy and efficiency. The automated
reporting processes enabled by Linedata are particularly valuable
for Chinese banks with large structures as it allows them to save
significant time, provide more accurate data, and enable quicker
access to vital information, streamlining operations and enhancing
decision-making.
ABOUT THE BANK OF SHANGHAI INTERNATIONAL (BOSCI)
BOSC International Company Limited (“BOSCI”) and its
subsidiaries (collectively referred to as “the Group”) are the
flagship investment banking platform wholly owned by Bank of
Shanghai Co., Ltd. (“BOSC”, stock code 601229.SH) established in
Hong Kong. The Group holds licenses for regulated activities under
the Hong Kong Securities and Futures Ordinance, including Type 1
(dealing in securities), Type 4 (advising on securities), Type 6
(advising on corporate finance), and Type 9 (asset management). The
Group primarily engages in core investment banking businesses such
as fixed income, asset management, corporate finance, and
securities brokerage. It is a significant overseas layout for the
integrated operations of the Bank of Shanghai Co., Ltd. Leveraging
the resources and advantages of its parent group, the Group is
based in Hong Kong and oriented towards domestic and international
capital markets, committed to efficiently providing comprehensive
cross-border investment banking financial services to the Group's
premium clients. For further information, please visit:
https://www.boscinternational.com/
ABOUT LINEDATA
With 25 years’ experience and 700 clients in 50 countries,
Linedata’s 1250 employees in 20 offices provide global humanized
technology solutions and services for the asset management and
credit industries that help its clients to evolve and to operate at
the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 183.3
million in 2023 and is listed on Euronext Paris compartment B
FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.
linedata.com
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Press contact
Linedata Aurélia Szymanski +33 6 63 72 94 14
Aurelia.Szymanski@se.linedata.com
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