NEC Selects SunGard's AvantGard to Manage its Group Treasury Operations.TOKYO -- SunGard Asia Pacific, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of SunGard (NYSE NYSE See: New York Stock Exchange :SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ), today announced that NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , a leading manufacturer and provider of computers, communications equipment, electronic devices and software, has selected AvantGard-Risk for its group treasury risk operations. AvantGard-Risk will be implemented at NEC's head office in Tokyo, Japan. AvantGard-Risk will support SunGard's AvantGard-Quantum solution which was implemented by NEC's group treasury operations in 2002. In seeking a treasury solution, NEC required a single, integrated treasury system to replace a number of its existing inhouse and locally developed systems. SunGard's AvantGard solution helps NEC control its treasury operations and focus on strategic risk management to achieve the most appropriate risk hedging solutions. A spokesperson for NEC said, "SunGard's AvantGard solution helps us to achieve our treasury objectives by providing efficient, real-time straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. , improved integration, and reduced time for the generation of reports. It helps us reduce manual operations and mitigate operational risk. SunGard is a global leader with strong local knowledge, expertise, and a support network across the region. The success of AvantGard and its ability to help us achieve our business objectives has given us the confidence to expand the solution." AvantGard-Risk will help NEC manage its risk exposures by providing scenario analysis Scenario analysis The use of horizon analysis to project total returns under different reinvestment rates and future market yields. , VaR calculations, limits, alerts and pricing functionality. AvantGard-Risk will assist NEC's Corporate Finance Division in providing a view of FX risk and helping them make better informed business decisions. John Wilson John Wilson may refer to: Politicians
About NEC NEC Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NIPNY) (FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. :6701q.1) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 4,906 billion yen (approx. US$47 billion) in the fiscal year ended March 2004. For additional information, please visit the NEC homepage at http://www.nec.com. About SunGard Asia Pacific SunGard Asia Pacific combines the global presence and strength of SunGard with local knowledge and expertise. Dedicated staff members in 12 offices in 10 countries across the region are committed to providing exceptional service, leading-edge technology and integrated solutions to the Asia Pacific financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. community. Serving over 400 clients in Asia Pacific, its key principles rest on quality service and support. About SunGard SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of US$3 billion. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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