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DLIBJ Asset Management International (“DIAM International”) upgrades to the latest version of COR-FS’s Salerio solution to benefit from the expanded instrument coverage and other new features.

COR-FS today announced that one of its longest-standing customers has upgraded to the latest version of its flagship STP product, Salerio. DIAM International has used Salerio since the late 1990s for their post-trade exception management.
In recent times, COR-FS have put in a great deal of effort to ensure that Salerio can be quickly and easily integrated with the necessary order management systems, portfolio accounting systems as well as the industry utilities and networks such as Omgeo, SWIFT, FIX etc. at its customer sites.

The benefits of the new version, which includes the enhanced ACT (application configuration toolkit), expanded instrument coverage, increased performance and enhancements to the canned reports delivered as standard, represents great value for money.

The solution’s flexibility also helps to ensure a seamless transition as DIAM International migrate from their current portfolio accounting system to a new solution during the course of 2007.

Jan Weber, Head of Operations for DIAM International commented, “We have always been enthusiastic users of the Salerio product, not only because of the 97% STP rates we enjoy, but also because of the intuitive workflow based exception management capabilities. The new version will allow us to achieve the same with a broader range of instruments”.

Trevor Fromant, Chief Operating Officer, said, “We are delighted that such a valuable customer has benefited from the efforts that we have invested in the Salerio product. We have been striving to ensure that, despite its depth of functionality and mature and proven multiple asset class STP model, Salerio is quick and easy to implement. DIAM International’s upgrade project, which was delivered on time and within budget, represents a great success for us and rewards our efforts”.