Calypso Technology, a capital markets platform provider, has
announced that Chile-based Banco Penta has licensed its technology so that the
bank can process interest rate derivatives front-to-back.

Based in Santiago,
Chile, Banco
Penta specializes in capital markets, financing, asset management and corporate
finance for private banking, corporate and institutional clients, Calypso and
the bank said in a statement.

“Recently, Banco Penta has undertaken an aggressive
expansion in the capital markets space, focusing on sophisticated financial
products such as interest rate and currency derivatives, with the plan of
doubling revenue year after year for the next five years,” the statement said.

Banco Penta will use Calypso software as the foundation for
its aggressive expansion in the interest rate and currency derivatives
business. The system will support the main local and international products,
such as cross currency swaps and interest rate swaps, in foreign currency with
local benchmarks such as the CLF, the Peso, the Camara and the dólar observado
rate,” the statement said.