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Credit Agricole N.Y. Unit Integrates Opus Risk Mgmt.

TRADING ROOM NETWORKS

The New York office of Caisse Nationale de Credit Agricole is in the first stage of installing Renaissance Software Inc.'s Opus, a front- to back-office integrated derivatives software system. The installation is part of a strategic commitment by the bank to upgrade its systems and enhance its risk management and control capabilities.

According to Tobin Levy, the bank's New York branch middle-office manager, CNCA's deal with Renaissance calls for a two-year phased rollout of the Opus derivatives

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