HSBC USA Takes Calypso for Credit Derivatives
OPERATIONS & STP
NEW YORK--HSBC Bank USA, a division of HSBC, has taken Calypso Technology’s multi-purpose derivatives platform, the Calypso System, for front-to-back processing for a range of credit derivatives.
HSBC, the first licensee of the credit derivatives portion of the system, began installing in November 2001 and went live in May 2002, says Kishore Bopardikar, president of Calypso.
The system has multiple modules covering fixed income, interest rate derivatives and FX forwards, which ship at once and
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