ADP and JDV enter global alliance to provide financial securities processing capabilities worldwide.Business Editors ROSELAND, NJ--(BUSINESS WIRE)--May 30, 2000 Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE See: New York Stock Exchange : AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), announces that its second largest division, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Brokerage Services Group (`ADP') has entered into a partnership agreement with JDV JDV Juridische Dienstverlening (Dutch) , Australia's leading provider of end-to-end branded on-line retail financial services. According to the agreement, ADP will become JDV's global transaction processing partner, and in turn, JDV will globally become an ADP development partner. As the leading outsourcing vendor for financial transaction processing, ADP is leveraging its best-of-breed products through its Global Processing Solution to provide competitive, cost-effective services across all financial asset classes, including fixed income, foreign exchange, equities, commodities and derivatives, to its clients worldwide. ADP currently provides securities processing and settlement services in North America, Europe and Asia Pacific. The Global Processing Solution is a fully-automated and real-time international trade processing system that supports all aspects of transaction processing from deal capture and reporting, to clearance and settlement. International securities transactions are efficiently processed in real-time through automated links to international exchanges and agencies such as EuroClear and Crest. A key component of ADP's Global Processing Solution is Gloss, the international securities processing system provided by Wilco International, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ADP. JDV will use Gloss for their global securities processing. According to John Hogan, Co-President of ADP Brokerage Services Group, "We are very happy to partner with a well-respected, technologically savvy financial services organization that will provide ADP with the ability to support its clients with a turnkey Internet solution in the Australian and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. marketplaces as well as new markets around the world. This partnership enables our clients --- global banks and brokerages --- to expand their market coverage while relying on ADP for the infrastructure and processing power to support their globally expanding businesses." Tim Moore, JDV's chief executive officer, stated "For JDV to develop its full potential we needed an alliance with a business that understands securities processing on a global basis and one that has the financial strength to support the global processing requirements for top tier global financial institutions. As the largest financial transaction outsourcing firm in the world, ADP has a proven track record of providing straight-through-processing services to global financial institutions along with a strong focus on both customer service and the application of technological advancements." Hogan continued, "We are extremely excited to be supporting JDV and we are looking forward to assisting them with building on their leadership position in this rapidly growing global marketplace. More and more financial services businesses are looking to provide their clients with online facilities to perform investing and trading activities in any market and in any time zone. Together, JDV and ADP are well positioned to provide a state-of-the art global platform for end-to-end solutions. I am delighted to appoint JDV as an ADP development partner and am optimistic about the opportunities that will come from our businesses working together." About ADP Automatic Data Processing Inc. has over US$6 billion (A$10 billion) in annual revenues and is one of the largest independent computing services firms in the world with over 450,000 clients. ADP provides computerized transaction processing, data communications, software, and information services See Information Systems. to companies in virtually every industry. As the premier provider of transaction services to the financial industry, ADP Brokerage Services Group has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing unique solutions for straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. and World Class customer service. ADP continually uses technological advancements to develop innovative products that meet the long-term business needs of its clients. As a leading outsourcing vendor, ADP is leveraging its position to provide competitive, cost-effective services to its clients worldwide. For more information about ADP Brokerage Services Group please visit our web site at www.bsg.adp.com and for other ADP services and investor information please visit www.adp.com. About Wilco Wilco International is a wholly owned subsidiary of ADP. Wilco provides the Gloss securities processing system for brokers, investment banks and custodians. Gloss is available on either a license or service bureau basis. Wilco has offices in London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Hong Kong, Tokyo, Toronto, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. and Hyderabad. About JDV Subject to shareholder approval Hartley Poynton Limited (`HP JDV') will become HP JDV Limited (ASX ASX See: Australian Stock Exchange :HPL HPL - Language used in HP9825A/S/T "Desktop Calculators", 1978(?) and ported to the early Series 200 family (9826 and 9836, 68000). Fairly simple and standard, but with extensive I/O support for data acquisition and control (BCD, Serial, 16 bit custom and IEEE 488 interfaces), ). HP JDV is an Australian-based business with interests in investment banking, technology and outsourcing. HP JDV has a close relationship with Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (TSE/NYSE: RY). Royal Bank of Canada owns 40% of HP JDV. The other major shareholder of HP JDV is Solution 6 Holdings (ASX:SOH SOH - Start Of Header ) the e-commerce associate company of Telstra (ASX/NYSE:TLS (1) (Transport Layer Security) A security protocol from the IETF that is based on the Secure Sockets Layer (SSL) 3.0 protocol developed by Netscape. TLS uses digital certificates to authenticate the user as well as authenticate the network (in a wireless ) which owns 12% of HP JDV. Both the JDV and Hartley Poynton operations are divisions of HP JDV which employs 515 staff operating from 12 offices across all five mainland states of Australia. JDV is the technology and outsourcing arm of HP JDV and has become a leader in the provision of end-to-end branded online retail financial service solutions. JDV provides a wide range of outsourced e-commerce solutions including share trading, unit trust trading, bond trading, international investments, margin lending, portfolio administration, call centers, market information and research.
JDV provides services to clients such as:
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AMP Australia's largest insurance and funds
management company
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BankWest Bank of Scotland's Australian banking
subsidiary
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BT Portfolio Services a subsidiary of the Principal Financial
Group of Des Moines, Idaho
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Solution 6 a global e-commerce and accounting
software business
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Your Prosperity(a) an online service owned by National
Australia Bank Limited(a)
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Asgard Master Trust Australia's largest master trust owned
by St George Bank
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Quicken.com.au the leading internet finance portal in
Australia
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(a) Your Prosperity formally becomes an asset of National Australia Bank Limited following regulatory approval of the sale of MLC Limited. Hartley Poynton is the investment banking and brokerage division of HP JDV. Hartley Poynton has operations in institutional equity sales, investment banking, capital raising, corporate advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , private client stockbroking, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and investment research. |
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