Chase Puts Foreign Exchange Products On Global Risk Management System

BANKS

Chase Manhattan Bank plans to put its foreign exchange division onto its automated credit-risk management system later this summer, say bank officials. It is a long-anticipated move that will put the finishing touches on the bank's effort to examine credit risk on a global basis. The new system will alter the way Chase calculates and aggregates risk in foreign exchange products, enabling the bank to expand its trading.

The Transaction Exposure Monitoring System (TEMS), a credit-risk managemen