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Muzinich & Co selects Cor IBS' Sable for securities settlement processing

07 January 2003  |  995 views  |  0 Muzinich & Co selects Cor IBS' Sable for securities settlement processing

New York investment firm Muzinich & Co is to deploy Cor Intelligent Banking Solution's (IBS) STP securities settlements application Sable at its London-based subsidiary.

Sable automatically captures, validates and processes trades to counterparties, settlement agencies and custodians and then into a multi-currency and multi-company accounting system.

Philip Morris, head of operations, Muzinich & Co, London, comments: "Real-time online portfolio reporting is essential to our business and as a result of the new system we have been able bring our securities settlement processing in-house."

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