NAB buys CCK's Guava Suite

Perth-based specialist treasury systems provider CCK Financial Solutions Ltd has received a letter of intent from National Australia Bank for the purchase of the Guava Suite treasury management system.

The system will be used within NAB's Group Treasury, initially to handle its Structured Notes business.

"The selection of Guava for NAB's Structured Notes business demonstrates the flexibility built into the system. CCK has made a substantial investment in this new technology, and this strategic win is further vindication of the effort put into the system by our development team," CCK managing director Joseph Wong said.

"Winning this deal, following close behind two recent deals won in the Philippines, shows that Guava is receiving recognition for its richness of functionality."

Guava Suite covers the dealing, risk management, operations, accounting and reporting requirements of a treasury within a single system.