Hampshire Trust Bank
Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions.
The Situation
Hampshire Trust Bank (HTB) have been an ALMIS® client for over 10 years. They are a specialist bank in business and personal finance, serving a small number of carefully chosen markets. They started their ALMIS journey by implementing the ALM Solution and as the bank grew, they adopted ALMIS® Hedge Accounting. Jonathan Hazell, Director of Reporting, has worked within HTB’s finance department for over six years. He shares his experience with ALMIS in our latest case study.
The Solution
The Treasury team have transformed their approach by replacing manual processes and large spreadsheets with their ALMIS® solution. The team have an overall target model they are aiming towards to improve efficiency and reduce data risk. The ALM Manager is based in the Treasury team and works closely with Jonathan, using ALMIS to provide weekly reporting across cashflow forecasts, liquidity and interest rate risk. This involves generating a forecast from all the business lines across the bank – Retail, Pension & Deposits. Together, along with the wider team, they help to manage a large hedge swap portfolio with over 400 swaps in a £4.2bn hedge.
Finance and Treasury Optimised collaboration in managing a £4.2bn swap portfolio
We didn’t have ALMIS® Hedge Accounting, but by 2019 our swap portfolio had become substantial enough that we chose to implement the module. It was the right time to do it as we started to see volatility, especially during the pandemic. We went to market for a solution and ALMIS® was a natural fit because our Treasury function was already running off the ALM system.
Jonathan Hazel, Director of Reporting
Hampshire Trust Bank
Finance and Treasury Optimised collaboration in managing a £4.2bn swap portfolio
Hampshire Trust Bank (HTB) have been an ALMIS® client for over 10 years. They are a specialist bank in business and personal finance, serving a small number of carefully chosen markets. They started their ALMIS journey by implementing the ALM Solution and as the bank grew, they adopted ALMIS® Hedge Accounting. Download the case study to find out more.
