The bank has licensed Findur to support its critical role as the Canadian government’s fiscal agent responsible for issuing foreign debt and investing the proceeds, which includes managing bond, money market, loan, foreign exchange and swap transactions.
"We selected OpenLink as our vendor of choice after a rigorous, lengthy review process," said Nick Close, Bank of Canada Financial Markets Department advisor. "Findur’s straight-through processing and operational risk mitigation capabilities were the key elements that led to our ultimate selection."
"The signing of Bank of Canada strengthens OpenLink’s leading position on the cutting edge of capital markets, including the integrated capability of performance measurement," said John D’Aleo, managing director of OpenLink New York. "The bank’s decision truly reinforces and capitalizes on our strategic and significant investment in technologies for the financial markets."