Ares Treasury System assist Taichung Commercial Bank enhance competitiveness
Ares International Corp. recently signed a contract with Taichung Commercial Bank, and planned to implement Treasury Marketing Officer （TMO） of Ares Treasury System, providing banks highly efficient services with stable trading system.
Frank Lin, President of Ares, pointed out that in the light of evolution of international financial markets and regulations of Taiwan financial supervisory commission units. Ares has more than 35 years of experience in the development of financial information systems, and continuously design new innovative systems to satisfy the current banking practical demand. Ares provides immediate solutions to cope with the changing environment to meet client′s needs, and this is the significant reason Taichung Bank chose Ares. Ares Treasury System supports derivatives financial products include: Non-Delivery Forward （NDF）, Interest Rate Swap／Cross Currency Swap （IRS／CCS）, and Value at Risk （VaR）.
Zheng Hui Chen, Ares research & development manager mentioned that Ares Treasury System combines Visual Pricing Tool operation and clear presentation of commodity loss patterns, to calculate fair value, value at risk, sensitivity analysis method. Also, produce Chinese instructional documents and transactions receipts, simply the complex workflow through visual tools into few easy steps.
Taichung Commercial Bank is established in 1953, and currently the body includes Taichung Bank Insurance Brokers, Taichung Bank Leasing, Taichung Bank Securities, and Reliance Securities Investment Trust, striving to enhance “corporate finance for small and medium enterprises “and “diverse financing “competitive advantages. Taichung Commercial Bank practices the mission of corporate sustainable management value, and achieves the vision of extending the territory overseas. With flourishing development of Financial Derivative, Ares Treasury System not only satisfy bank′s needs for management, but also acts as the strong backing of competitive financial industry in Taiwan.
Introduction of Ares Treasury System
Ares Treasury System is a new generation of financial transaction system to fit the practice need of Taiwanese banks. Treasury System covers loan, bond, financial derivatives business and interest rates of financial transactions of domestic and overseas business entity. It can help financial trading and risk management personnel deal with complex problem of financial products, reduce the degree of difficulty in evaluating to solve the problem of high frequency of evaluation and expensive human costs. Ares Treasury System also help auditors understand the evaluation process without relying on an evaluation team （including evaluating tool, manpower, source of market information） and solve the problem of limited timing of auditing. Clients includes KGI Bank （Originally Mega Bank）, Taichung Bank, KGI Securities, etc.
Introduction to Ares
Ares has provided professional services for over 35 years, and is the first Taiwan-based software company to be listed on the Taiwan Stock Exchange （TSE）. Ares is a professional manufacturing management information system provider, with top Manufacturing Execution System （MES） maker for LED industry in Taiwan, and the first government-acknowledged IFRS ERP solution provider. Ares is also the top player of the Taiwan foreign exchange, core banking solutions, and is a SWIFT partner, while being the first Oracle partner in Taiwan. Ares eAresBank is acknowledged by international research institution Gartner, and self-developed ciMes becomes the only Taiwan MES solution acknowledged by Gartner. Ares launched ArgoERP in Thailand with Thai leading software company DataOne Asia of SVOA group, aiming to become the number one ERP in ASEAN markets.
Contact Person： Carrie Yu
（ARES, Ares Treasury System , are registered trademarks to Ares International Corp. Other names and trademarks belong to headquarters and branches.）