The Government Of Singapore Investment Corporation (GIC) Implements GL SETTLE Back Office Solutions To Handle Its Post Execution Operations

GL SETTLE announced that the Government of Singapore Investment Corporation (GIC) has been successfully using GL RIMS, the back office securities settlement system from GL SETTLE. The system is being used to handle electronic trade confirmation and messaging via SWIFT for various instruments.

GIC is a global investment management company established in 1981 to manage Singapore's foreign reserves. GIC trades internationally in equities, fixed income, money market instruments, real estate and special investments.

GL RIMS is a real-time, event driven solution providing complete post execution processing for organisations trading in a wide range of asset types and currencies, in various capacities and across borders within multiple entity structures.

Nicolas Levy CEO of GL SETTLE said “It has been an honour to work with GIC. Their clear requirements have made it one of the more interesting projects to implement. It is satisfying to be recognised as a value added provider by the GIC users”.