18 October 2017
visit www.response.ncr.com

CounterpartyLink reports Desjardins contract

15 January 2008  |  2684 views  |  0 Financial numbers

Canadian banking group Desjardins has signed a three year contract with London-based CounterpartyLink for the provision of legal entity data.

The data will initially be used by Desjardins to ensure that a single and unique legal entity identifier is assigned across all functional departments of the bank.

CounterpartyLink says the data will then be integrated into a central management system, which is currently being rolled out and is slated to go live in 2008 and early 2009.

The data will then be available to Desjardins' front, middle and back offices across multiple business lines active on financial markets.

CounterpartyLink provides 94 fields of validated data for each entity. The data is updated on a daily basis for changes that result from corporate actions and other notifications.

Pierre Beaudoin, senior advisor, market and insurance risk management, Desjardins, says: "We chose CounterpartyLink not only because they have the coverage and data fields required, but also because their data collection and validation standards are designed to meet stringent international regulatory requirements."

CounterpartyLink, says Desjardins is its first client in Canada.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CounterpartyLink signs Nomura to legal entity data services

CounterpartyLink signs Nomura to legal entity data services

09 October 2006  |  3000 views  |  0 comments
Desjardins signs with GFI for EMV services

Desjardins signs with GFI for EMV services

28 July 2005  |  4761 views  |  0 comments
Desjardins to switch to chip

Desjardins to switch to chip

06 April 2005  |  4653 views  |  0 comments
CounterpartyLink appoints Deutsche Börse's Christoph Lammersdorf MD

CounterpartyLink appoints Deutsche Börse's Christoph Lammersdorf MD

16 February 2005  |  2857 views  |  0 comments
Desjardins signs for 30,000 Ingenico eftpos terminals

Desjardins signs for 30,000 Ingenico eftpos terminals

29 October 2004  |  5395 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15310 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8491 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8005 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7528 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6637 views comments | 8 tweets | 16 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job