Banco Central Selects OpenLink's Findur
OpenLink, a leading provider of financial and commodity trading, risk management, and operations processing software solutions, announced today that Costa Rica's central bank, Banco Central de Costa Rica (BCCR), has licensed Findur, the company's integrated trading and portfolio management solution.

The BCCR plans to implement the Findur system in the second half of 2006.

The primary business objective for the implementation will consist of supporting the bank's investment portfolios covering all traded products. BCCR will also seek improvements to its Asset/Liability Management function and will rely on Findur to aid with the debt issuance process and all middle- and back-office related tasks.

Findur is currently deployed at some of the world's most prominent central banks for its comprehensive Straight-Through-Processing (STP) capabilities supporting a wide range of financial products. Findur's user-friendly and adaptive trade entry facilities, pricing and analytical tools, and position and risk management capabilities are highly valued by traders, portfolio managers, and risk managers alike.

In addition, Findur's back-office capabilities - from seamlessly processing transaction lifecycle events, real-time compliance limit checking, to posting sub-ledger accounts and performing automatic reconciliations - have greatly improved the efficiency and productivity of the operational staff at these central banks.

The Banco Central de Costa Rica is the national central bank. Its main objectives include maintaining the overall stability of the national currency and foreign exchange operations and the management of Costa Rica's international monetary reserves. It also operates the national payments system and works to promote a reliable and robust financial system. BCCR also manages funding operations to meet the needs of the domestic economy.