'As safe as banks', they used to say. No longer. In treasury operations, the key is to continuously and automatically monitor various risk exposures, for the dealers and the management.

The product
VIGIL - Domestic and Forex: Treasury management systems
Total business coverage and comprehensive support for treasury department front-office, middle-office and back-office operations, including trade-related foreign exchange transactions (Vigil-Forex)

The clients
United Western Bank
State Bank of Patiala
Dena Bank

United Western Bank (UWB)
UWB is a private sector bank with its head office in Satara, Maharashtra, and has over 220 branches spread all over the country. Its integrated treasury branch is situated at Fort in Mumbai, where the front-office, mid-office and back-office operations are conducted. VIGIL – Domestic and Forex has been implemented at this branch.

The bank has dealers and chief dealers for domestic and forex operations. General ledger updates for treasury - domestic is done at the head office whereas the forex operations GL is updated locally.

CMC is going to set up a terminal at the head office to enable the HO enquire on transactions done at Fort, Mumbai, office and to make available a few monthly information statement (MIS) reports.

State Bank of Patiala (SBoP)
SBoP has a decentralised treasury operation for debt markets and its operations (both dealing rooms and their respective back-offices) are located in Mumbai, Patiala and New Delhi. Patiala, being the head office (HO) also serves as the main accounting and reporting centre for treasury operations.

Mumbai is the main centre for both trading and settlement activities and serves as the primary settlement centre for government securities (G-Sec). There may be instances, especially in the call money market, where deals may be struck in Mumbai, but the counter-party might request for the settlement at Delhi.

SBoP has its main server at Mumbai, with a back-up server at the head office which is updated daily at periodic intervals. Terminals provided at the New Delhi office can be connected to the Mumbai server or to the head office server, as required.

Dena Bank
CMC has implemented the Treasury Management System (VIGIL - Domestic) at Investment & Funds Department of Dena Bank in April 2004.

Dena Bank is one of the major players in the domestic money market operations.

Some of the major activities of this project are:

	Definition of GL Heads as per Trial Balance of the bank
	Study of the accounting rules for all the transactions
	Re-defining the posting rules for all the transactions
	Data Migration and Transition
	Valuation of securities

All these activities were completed in a record time to the delight of the customer.