)
Press Releases Archive
Bank of Canada Chooses OpenLink's Findur™
OpenLink System to Support Bank's Fiscal Agent Role for the Canadian Government
MITCHEL FIELD, NY, December 5, 2001 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that it has signed Bank of Canada as its latest Findur™ client.
The bank has licensed Findur to support its critical role as the Canadian government's fiscal agent responsible for issuing foreign debt and investing the proceeds, which includes managing bond, money market, loan, foreign exchange and swap transactions.
"We selected OpenLink as our vendor of choice after a rigorous, lengthy review process," said Nick Close, Bank of Canada Financial Markets Department advisor. "Findur's straight-through processing and operational risk mitigation capabilities were the key elements that led to our ultimate selection."
"The signing of Bank of Canada strengthens OpenLink's leading position on the cutting edge of capital markets, including the integrated capability of performance measurement," said John D'Aleo, managing director of OpenLink New York. "The bank's decision truly reinforces and capitalizes on our strategic and significant investment in technologies for the financial markets."
About OpenLink
Founded in 1992, OpenLink has emerged as a leading solution provider of energy and financial trading and risk management systems with broad market functionality. The company's global client base includes Bank for International Settlements, Credit Local de France, Deutsche Bank, Duke Energy, Dynegy Inc., Hamburgische Electricitats-Werke, Energie Baden-Württemberg AG, Equiva Services LLC, ExxonMobil Gas, Gaz de France, Halifax PLC, Manulife Financial, Nexen, PanCanadian Petroleum, RWE Trading GmbH, Shell Trading and WestLB. Headquartered in Long Island, New York, OpenLink employs more than 250 professionals worldwide and has offices in New York, London, Houston and Berlin.
Editorial Contact:
e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197