SunGard Portal Adds Deposits, CDs
A press release entitled, "SunGard Offers Corporate Treasurers Portfolio Diversity with Asset Class Expansion of its Short-Term Cash Management Solution," says, "SunGard has expanded asset class coverage of its SunGard Global Network (SGN) Short-Term Cash Management solution to provide customers with increased investment options, operational efficiencies and risk analysis. By working with wholesale market broker Tullett Prebon PLC and its specialized Corporate, Institutional & Public Sector Division, the SGN Short-Term Cash Management solution is now providing access to bank deposits and certificates of deposit (CDs) in addition to money market funds (MMFs) through a single trading connection, as well as aggregate risk analysis across all investments." Bob Santella, president of SunGard's brokerage business, comments, "In the current low interest rate environment and regulatory uncertainty, corporate treasurers are seeking diversification and alternatives in their short-term investment portfolios, and opportunities to maximize yield and automate manual processes. Expanded product access through the SGN Short-Term Cash Management solution provides treasurers with an automated, multi-asset execution and risk analysis capability through one portal, and we plan to add dealers and asset classes in the future to offer customers more investment options."
