SunGard, IPFS Launch First CD Execution Tool

Conrad, Lee
May 2004
Bank Technology News;May2004, Vol. 17 Issue 5, p22
Trade Publication
Reports on the joint efforts of technology vendor SunGard and consultancy firm Index Powered Financial Services in the development of the Electronic Transaction Network, a certificate of deposit (CD) execution tool. Description of the network as the first automated execution and settlement platform for CD transactions; Ability of investors to peruse CD rates from around the U.S.; Development of a wider net for potential CD depositors in retail and institutional markets.


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