BofA to Offer Microcomputer Software for Foreign Exchange
Ferris, Tom, American Banker
The Bank of American has introduced a software package aimed at helping corporations with large foreign-exchange systems to manage their money market activities. They system, the MicroStar International Treasurer, is the tenth microcomputer-based product in the bank's family of treasury management services.
Multinational corporations can use the package to monitor and analyze foreign-exchange transactions in up to 32 currencies. "By converting all holdings into current dollar equivalents, the product enables cash managers to calculate gains and losses in each currency," the San Francisco-based bank said. "Information on currency positions, current and projected cash flows, …
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Publication information: Article title: BofA to Offer Microcomputer Software for Foreign Exchange. Contributors: Ferris, Tom - Author. Magazine title: American Banker. Volume: 149. Publication date: September 19, 1984. Page number: 11. © 2009 SourceMedia, Inc. COPYRIGHT 1984 Gale Group.
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