The Federal Home Loan Bank of Des Moines (the Bank or FHLB Des Moines) has selected SimCorp Dimension for an implementation spanning the front, middle and back office.

The bank will utilise SimCorp Dimension across the majority of its balance sheet operations, worth around $150 billion. The solution will cover investment securities, consolidated obligation debt securities, advances and derivatives (including hedge accounting).

Bill Bemis, treasurer for FHLB Des Moines, said: “A scalable and efficient operating infrastructure is key to the success of our mission. To that end, we found SimCorp’s cross asset platform ideal to unify our four major business activities, securities, derivatives, consolidated obligations (debt issuance), and collateralized advances. SimCorp’s all-in-one platform capabilities are well-suited to our business and operational needs.”

“We are extremely proud to add FHLB Des Moines to our growing list of government-sponsored enterprise clients,” notes James Corrigan, Executive Vice President and Managing Director of SimCorp North America. “FHLB Des Moines is among the most progressive organizations with the vision and commitment to onboard technology and automation in support of broader business mandates for liquidity management, operating efficiency, risk management and regulatory compliance.”

Related: Groupama Asset Management goes live with SimCorp Dimension

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by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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