The Client
Agence Française de Développement (AFD) is an established and specialised financial institution that has been working to fight poverty and foster economic growth by financing sustainable development projects in developing countries across five continents. AFD is a regulated bank with 40 offices around the world and operating in more than 60 countries.
The Challenge
Agence Française de Développement (AFD) required a next-generation multi-asset treasury, front office and risk management system to provide complete risk management and accurate valuations while taking into consideration OIS discounting and advanced counterparty risk analytics.
Why Quantifi?
Following an extensive review of competing systems, AFD chose Quantifi based on its comprehensive functionality and advanced technology. Quantifi’s ability to integrate seamlessly with AFD’s existing processes was a key factor in their decision process.
Other influencing factors included:
- Consistent analytics, front-to-risk
- Accurate pre-trade analysis & trading
- Regulatory & accounting compliance
- Complete trading and operations workflow
- Simplicity of data management
“A cloud environment allows Quantifi to push through future enhancements faster and more seamlessly. The solution, combined with the high level of support we receive from senior experienced personnel, helped us strengthen our risk management capacity in the markets we operate in.”
Bokar Cherif, Head of Funding and Market Operations, Agence Française de Développement (AFD)
The Results
The smooth integration resulted in a fast implementation and lower total cost of ownership (TCO). In the first 6 months, Quantifi helped AFD meet tight regulatory deadlines including half year reporting. Quantifi was fully implemented to AFD’s bespoke requirements in 12 months.
AFD is now using Quantifi to cover all market risk management including PnL and PnL explain reporting for front office and a fully integrated, event-driven limit management framework to meet Basel lll regulations, capital requirements and liquidity coverage.
Download the complete case study to see how AFD is now better equipped to mitigate and manage risk and comply with regulatory and accounting standards.
