Rabobank International has upgraded its systems to become the first user of tech firm Triquesta Commodity Finance’s collateral and risk management platform.
Rabobank will use the new system to manage facility agreements between counterparties, which are the basis for drawdowns and issuance of credit instruments against self-liquidating collateral.
Triquesta claims that this is one of the key features of its system.
The bank will roll the new system out across all offices globally.
“We are delighted with Rabobank International as the first user of our system,” says Triquesta director Martijn Voorhuis.
“We have invested a number of years to complete our collateral and risk management solution that allows for monitoring of complex structured commodity finance deals. With Rabobank’s adoption of our solution, our product is ready for market acceptance.”
Fred van Hedel, global head of risk management trade and commodity finance at Rabobank, adds: “Triquesta understands the trade and commodity finance business very well and knows how to translate these requirements into software.”