SunGard, the financial services technology firm, has announced a new release of its AvantGard Quantum treasury solution, with enhanced international treasury capabilities including localisation for the Chinese market, the firm said in a press statement.

The new release includes full support for non-deliverable forward foreign exchange contracts and the ability to create a workflow for the real-time monitoring and dual approval of credit limit breaches, the firm said. The core accounting and hedge fund accounting capabilities have also been enhanced and instrument coverage has been extended to include double barrier foreign exchange options.

“Responding to customer and market demand, we created this next release of AvantGard Quantum to help companies take a holistic approach to cash and risk management, helping them capture international growth opportunities, manage credit and liquidity risks and increase efficiencies,” said Erlend Asker, senior vice president, global treasury solutions for SunGard’s corporations business.