EADS to support global cross asset operations from central platform
Calypso Technology Inc., the global capital markets platform provider, today announced
that EADS, a global leader in aerospace, defense and related services, has implemented the
Calypso system as the firm’s treasury management solution.
The Calypso system has replaced a legacy treasury system at EADS’ central treasury
department. Calypso’s cross-asset platform will support global in-house treasury
requirements across a range of products, including FX, MM, Equities, Fixed-Income, FX
Derivatives, Credit Derivatives and Interest Rate Derivatives. The Calypso solution has been
implemented for cash management, collateral, asset management, accounting, reporting,
limits and liquidity risk, which provides a holistic, real-time globally-centralized cash position
for the entire EADS Group.
Andreas Drabert, Vice President Treasury Controlling at EADS, said, “We were seeking a
robust platform that would enable us to consolidate a wide range of financial instruments as
well as the full scope of our processes onto one integrated central platform.”
With EADS, Calypso provides the sophisticated technology and expertise from the global
capital markets to achieve significant efficiencies for a non-bank entity by bringing treasury
operations and risk management to the enterprise level. “Enterprise-wide cash management
and a global view of liquidity and credit risks are key concerns for CEOs, CFOs and
Treasurers across all industries. The partnership with EADS is a validation of our ability to
solve large enterprise treasury management challenges in a dynamic non-financial
environment,” says Kishore Bopardikar, President and CEO of Calypso Technology.
Mr. Drabert continued, “One of the major goals in bringing Calypso onboard was – besides
replacing our existing treasury system – to prepare the department’s system environment for
the challenges of the future. In Calypso, we’ve found a dedicated partner, after a detailed
selection process, who understands the treasury and risk management needs of a firm with
extensive financial market activities like EADS. This understanding in combination with strong
capabilities in trade support and risk management as well as in settlement and accounting
convinced us to enter into a development partnership with Calypso. Since the go-live, we are
observing excellent results from a very flexible, robust and integrated cash-management
process that is typically the centerpiece of treasury activities in industrial corporates.”
With respect to the relations between EADS and Calypso he further explained: “As an
outcome of the financial crisis, industrial corporates are taking a much more cautious view on
credit and liquidity risk management than ever before. We look forward to continuing our
partnership with Calypso in order to meet the changing requirements in treasury practices
affecting many buy-side and non-bank entities.”
