Linedata announced the successful implementation of its Linedata Global Hedge solution for the Bank of Shanghai (BOSCI). The solution was selected to drive efficiency, value, and enhanced service, especially to improve portfolio management and calculations. BOSCI decided to switch to Linedata Global Hedge to balance cost and value.

The transition was completed in first quarter of 2024. Linedata Global Hedge solution offers the Bank of Shanghai flexible reporting capabilities and superior integration with third-party data platforms commonly used by Chinese asset managers, such as Bloomberg. This integration also facilitates more accurate calculation of the Net Asset Value, enhancing the precision of their investment book of records.

One of the key benefits of Linedata's solution is its ability to support complex fixed income functionalities, including intricate fixed income products. This capability is critical for large financial institutions like BOSCI, ensuring they can manage their portfolios with greater accuracy and efficiency. The automated reporting processes enabled by Linedata are particularly valuable for Chinese banks with large structures as it allows them to save significant time, provide more accurate data, and enable quicker access to vital information, streamlining operations and enhancing decision-making.