Federal Home Loan Bank of Topeka selects OpenLink’s Findur for derivatives operations
US-based Federal Home Loan Bank of Topeka (FHLBank Topeka) has selected OpenLink’s debt and derivatives solution Findur as it looks to improve operational efficiency.
With $45.2 billion 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 Findur to consolidate hedged assets and liabilities and derivatives onto one integrated system.
Matt Lehto, OpenLink SVP, says: “FHLBank Topeka understands the importance of having a single system that houses all derivative accounting and regulatory reporting activity, and managing its hedging activity.”
OpenLink, a trading and risk management solutions provider, was founded in 1992. It is owned by private equity investment firm Hellman & Friedman. OpenLink has 1,200 employees in 14 global offices on five continents, with headquarters outside New York.