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Management Strategies

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First Chicago Tokio Marine Financial Products to implement software solutions from Summit Systems; Indusland Bank installs their channel management solution from CR2; SFF Investment Funds goes live with SunGard Investment Management Systems' Global Portfolio II; China Securities Depository and Clearing Corp., and Euroclear sign a consultation agreement.

First Chicago Tokio Marine Financial Products Co. Ltd., (FCTM) will implement front-to-back modular software solutions from Summit Systems.

FCTM plans to receive cost -efficiencies and performance advantages from Summit's real-time STP platform. The new system will provide the basic program necessary to support risk management services and products. New features will include OTC options and derivatives, credit instruments and support for listed futures.

"When compared to software products from other vendors, Summit is unique because of the breadth of available functionality," said Hans Janssens, deputy chief executive officer at FCTM. "To continue providing the kinds of risk management services and products customers demand, it was imperative that we invest in cost-efficient software with leading-edge, end-to-end capabilities across a wide range of asset classes."

First Chicago Tokio Marine Financial Products Co. Ltd., is a joint venture of Bank One Corp., and Tokio Marine and Fire Insurance Co. Ltd., and provides financial risk management products and services.


CR2, a global provider of channel banking and card payment solutions has successfully implemented their channel management solution at Indusland Bank in Mumbai, India

CR2's BankWorld will give the banks customers 24/7 access to bank accounts and financial information.

"Indusland Bank has worked very well with CR2 in the last sec months in implementing a channel banking infrastructure for the bank," Bhaskar Ghose, managing director at Indusland Bank. "CR2's channel banking solution has brought numerous advantages most notably operational efficiency, the improvement of information we have on customers and cost effectiveness of introducing new services across additional touchpoints."

Indusland Bank is one of the largest private banks in India.


SFF Investment Funds, Switzerland, has gone live with SunGard Investment Management Systems' Global Portfolio II.

A panel of software specialists, accountancy experts and software users chose global Portfolio II. It is replacing an internal software system.

"The asset management business is changing and developing fast in Switzerland," said Christian Rizzi, SFF Investment Funds first vice president. "Clients are increasingly sophisticated and better informed. They insist on performance and require not only information but also advice and global services. IT is vital for SFF Investment Funds to meet these demands and we expect that Global Portfolio II will be the software solution to help us provide such a service of excellence."

SFF Investment Funds is one owned by Sandoz FF Holding Bancaire et Financiere SA Group based in Geneva. SunGard Investment Management Systems provide in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting, performance measurement and attribution appliances.


China Securities Depository and Clearing Corporation (SD&C) and Euroclear signed a consultation agreement.

Euroclear will asses the competitiveness of China's operational infrastructure and will make recommendations to help SD&C develop its registration and clearing system to deal with the demands from China's securities market development. Euroclear will also help SD&C link to international and other national central securities depositories. Euroclear will also be responsible for a detailed review of the current clearing, settlement, depository and registration practices of SD&C.

"SD&C feels very optimistic to benefit from Euroclear's expertise in domestic and cross-border securities services in evolving SD&C's capabilities to a new level," said Jin Ying, general manager of SD&C. "Euroclear's solid credentials and outstanding reputation in the international capital markets gives SD&C high confidence tat they will deliver a valuable solution."

Euroclear also provides services to countries in the Mediterranean region, Europe and South America. SD&C is China's only national securities depository.

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