The Central Bank of Cyprus has implemented a new treasury management system (TMS). The bank has been running the Market Activities Processing System for Central Banks (MAPS) TMS for two months.
MAPS is a TMS for central banks, provided by Banque de France and Banco de España. It offers a software solution built with TMS provider Calypso, spanning front and back-office, risk management, accounting and financial reporting functions. It also comprises a technical platform and a comprehensive set of hosting and running services.
Banque de France and Banco de España have been operating MAPS for their own needs since November 2016. With Central Bank of Cyprus teams, they jointly carried out the full implementation of MAPS at the Central Bank of Cyprus in line with a nine month project plan.
With MAPS now being shared by the three central banks, Banque de France says the platform has strengthened its benchmark position as a common software solution and a shared platform for the conduct of market activities by multiple central banks within the Eurosystem.
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