News

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

OpenLink is a leading provider of financial trading and risk management software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous risk management requirements of firms trading in interest rate derivatives, fixed income securities, foreign exchange, money markets, energy, metals and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Deutsche Bank, Duke, EnCana, Equiva Services LLC, Mobil UK, Mirant, Nexen, Shell Trading, Vattenfall Europe Trading GmbH, Westdeutsche Landesbank (West LB) and Zurich Capital Markets. Headquartered on Long Island, NY, OpenLink employs more than 280 professionals worldwide at offices in London, Houston, New York City, and Berlin.

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