Chicago-based LaSalle Bank has renewed and expanded a six-year-old deal to use software from New York-based corporate actions processing software vendor XcitekSolutionsPlus.
The original deal only covered Xcitek’s XSP system, but in an effort to boost STP levels LaSalle has now licensed Xcitek’s ISO messaging module and its eTRAN Web-based interface for its global securities and trust services division.
The ISO module enables the firm to distribute corporate actions notifications to money mana
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails