VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 67 • Limit Management System Module – monitors compliance with the Board of Directors’ limit decisions, • Market Control Module – checks whether transaction prices differ from market prices, • Treasury Profit/Loss Module – reports the daily, monthly and yearly funded profit/ loss ratios of transactions. The Kondor Upgrade Project was initiated to install at the Bank the latest version of the Treasury software “Kondor (K+), Kondor Global Risk, K+TP” system, which is used for the entry, approval, registration and bookkeeping of Treasury transactions. The plan is to complete and commission the system before the end of 2019. In addition, in necessary situations required actions is taken after the results of efforts for monitoring and controlling the foreign exchange position and the position limits for Treasury transactions are discussed by the Treasury Foreign Exchange Position and Stop-Loss Limits Management Committee and Exchange Rate Committee. The Treasury Control and Reporting Module is designed to provide a Middle Office Management infrastructure and integration with other treasury systems in use. The Bank completed and fully operationalized this module at the end of 2018.