Covéa Extends GTFrame Use

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Paris-based Covéa has been a GTFrame customer since 2009 for its Swift-format SDI messages.

Covéa Finance has signed an agreement with Sterci France to roll out its GTFrame product for messaging flow across various business departments.

Covéa has been using GTFrame since 2009 for its Settlement Delivery Instruction (SDI) messages to custodians. The new agreement will see the product used between GTData repository and Covea's backend applications.

"Since 2009 we have been effortlessly using GTFrame for automatic message exchange with our depositories and we consider the ability to seamlessly integrate or generate a new message flow as one of this tool's key strengths," says Franck Ibalot, director of administration and head of risk control at Covéa. "The power of the GTFrame transformation connectors had led us to spread its application across other business domains."

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