The National Australia Bank (NAB) intends to purchase a software suite developed by CCK Financial Solutions Limited (ASX:CCK).
CCK is a specialist treasury provider based out of Perth. The company has received a letter of intent from the NAB regarding CCK's Guava suite.
The software suite will initially be used within the bank's Group Treasury to handle its Structured Notes business.
The Guava suite has recently been adapted by two banks in the Philippines.