Lloyds, CCF Develop Software For New Primary Dealer Unit

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When Lloyds Bank decided to become a primary dealer in U.S. government securities, it looked at several software packages to support the operation.

Most of these products ran on IBM mainframes and did not fit in with Lloyds' DEC environment, says Mark Townsend, vice president and manager of the treasury division at the bank's North American head office in New York.

Lloyds was already using CCF Inc.'s TUFFS system to process transactions in off-balance sheet instruments such as futures, options

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