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Five Banks Issue Tech RFI for Treasury Product

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LONDON--Five major European banks are to launch an online marketplace for treasury and capital markets products next year, creating a separate company to manage the system, and will issue a formal request for information to technology vendors this month.

The five banks--Banco Santander Central Hispano, Commerzbank, the Royal Bank of Scotland (RBS), Sanpaolo IMI and Societe Generale--are currently evaluating proposals from transaction systems vendors and companies like Logica and IBM for hosting

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