Abbey National Prepares For Euro Conversion, Plans Second Test Of Portfolio System

THE EURO CONVERSION

GLASGOW, Scotland--One of the first Primark Investment Management Services clients to install the euro-compliant version of Icon was Abbey National Financial and Investment Services, of Glasgow, Scotland, which began testing the portfolio management system in its development center in June. While the majority of the company's £11 billion in assets under management are in UK-denominated securities, an increasing proportion of its investments are denominated in Continental currencies and will

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