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FRSGlobal, a leading global provider of multi-country regulatory reporting solutions for financial institutions, today announced that Elavon Financial Services Ltd, a licensed credit institution and European business unit of U.S. Bancorp (NYSE:USB), has signed a contract to work with FRSGlobal to implement its FinancialAnalytics software solution for Elavon's European regulatory reporting, and provide updates to new and existing reports for the period of the five year agreement.