What was the problem?
Rabobank needed a reliable linking pin between its central programme and its business stakeholders, to update all products and processes within Treasury/ALM (using IBOR reference rates) in order to use new risk-free rates. Requirements needed to be translated and tested properly for all processes. Varrlyn also helped with the actual implementation of the products and processes into the core Treasury execution system Murex.
Why did Rabobank ask for Varrlyn’s help?
By providing a deep-level understanding of the business processes, Varrlyn was able to lead the programme efficiently, ensuring all products and processes were updated before the old rates cease to exist.
How did Varrlyn work together with Rabobank?
The project, which lasted 2 years, involved 80 Rabobank employees and 3 Varrlyn team members.
Account manager Stephan van der Windt