FHLBank Topeka teams up with OpenLink for derivatives solutions
OpenLink has announced that the Federal Home Loan Bank of Topeka (FHLBank Topeka) has selected its debt and derivatives solution as part of the bank’s drive to streamline its technology landscape and improve operational efficiency.
OpenLink is global provider of trading and risk management solutions for the financial services, corporate, energy, and commodities industries.
With $45.2bn in assets, FHLBank Topeka is one of 11 privately-owned, federally-chartered banks and provides wholesale loan services to 768 institutions across four US Midwestern states.
The Kansas-based institution, which is the third FHLBank using OpenLink, selected the solution to consolidate hedged assets and liabilities and derivatives onto one integrated system.
OpenLink Senior Vice President Matt Lehto said: "Adding another FHLBank to our valued client base is testament to our ability to support these institutions. FHLBank Topeka understands the importance of having a single system that houses all derivative accounting and regulatory reporting activity, and managing its hedging activity. We look forward to supporting FHLBank Topeka as its operations continue to grow."
Source: Company Press Release