World Bank chooses Summit

PORTFOLIO MANAGEMENT AND TRADING

WASHINGTON, DC -- The World Bank's treasury department has replaced its legacy Sungard Global Securities Manager (GSM) portfolio management system with modules from Summit Systems, say bank and vendor officials.

The integrated modules from Summit, a New York-based subsidiary of UK-based vendor Misys, globally support financial products in all currencies traded by the World Bank, including its highly structured debt and resulting swap activities as well as local, country-specific financial eff

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