CFOWeb.com Brings the Power of the Internet to Capital Markets; First Business-to-Business E-Commerce Portal For Capital Markets.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Sept. 27, 1999-- Signaling a new era in institutional financial management, Integral today launched CFOWeb.com (www.cfoweb.com), the first-ever business-to-business e-commerce portal for capital markets. CFOWeb.com will give CFOs, treasurers and fund managers free, direct and unprecedented access to sophisticated, powerful analytics and the ability to create, manage and maintain investment portfolios that are tailored to their specific needs. CFOWeb.com also gives investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. providers an immediate online presence, dramatically increased deal flow and expanded geographic reach. CFOWeb.com helps users address the increasing complexity of their financial portfolios, satisfy risk management reporting requirements, and dramatically reduce costs of capital markets financial transactions. CFOWeb.com enables institutions to independently model and price financial trades from multiple financial services providers; create portfolios that more closely match institutional financial management needs; and conduct a wide range of trades online such as interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. , currency swaps Currency Swap A swap that involves the exchange of principal and interest in one currency for the same in another currency. Notes: Currency swaps were originally done to get around the problem of exchange controls. , interest rate caps/floors, forward rate agreements, foreign exchange (spot/forward), foreign exchange options, loans and deposits, and cash instruments. "CFOWeb.com will give institutions like HP an excellent mechanism for increased access to a broader range of capital markets vendors," said Larry Tomlinson, vice president and treasurer, Hewlett Packard. "It's dynamic, online brokering capability for financial products gives CFOs and treasurers tremendous flexibility for institutional financial management." CFOWeb.com also provides robust portfolio management and analysis benefits. Users can review portfolios generated with real-time market data in one glance, manage trading workflow, conduct mark-to-market and cash management analyses as well as perform risk management including value-at-risk, scenario and market rate sensitivity analyses. As a result, CFOs, treasurers and fund managers benefit from direct, immediate access and analysis of their portfolio as well as enhanced risk management. CFOWeb.com helps financial services providers leverage the increasing opportunity presented by Internet delivery of products that is impacting nearly every vertical market. Participating in CFOWeb.com enables providers to either augment their own existing e-commerce site or to leverage CFOWeb.com as a rapid time-to-market e-commerce alternative. The innovative portal dramatically increases financial services providers' deal flow and allows them to offer their products to a wider range of prospective customers, regardless of company size or location, in a dynamic online environment. "We recognize the need to deliver new products and services in Equity derivatives In finance, an equity derivative is a class of financial instruments whose value is at least partly derived from one or more underlying equity securities. Market participants trade equity derivatives in order to transfer or transform certain risks associated with the to the market faster and at lower cost," said Roselly Ramseyer-Torres Global Head of Equity Derivatives, Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Benson. "We welcome CFOWeb.com as a key element of this initiative." CFOWeb.com will become an international network of best-of-breed banks, consultants, dealers, and independent service providers. CFOWeb.com is not a company, but an array of best-in-class products and services delivered by industry leading providers to provide maximum value to end-users. The list of providers is expanding rapidly as product and service companies realize the value of this revolutionary new delivery vehicle and develop new offerings specifically designed for CFOWeb.com members. "The advent of business-to-business e-commerce portals will have a tremendous and beneficial impact on capital markets," said Jeremy Marshall Jeremy Marshall (b. 1971) was the bassist for the hard rock/alternative band Cold. He has been in the band since its early days, back when they were known as Grundig. , managing director, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. . "Financial services providers that leverage this e-commerce trend stand to realize dramatically expanded business opportunities." The technology underlying CFOWeb.com is based on the Integral platform. Integral, a leading provider of e-commerce infrastructure for capital markets, has been building internet-based trading and risk management systems for several years. The Integral platform, based on enterprise Java technology and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , represents the state-of-the-art in open-standards-based systems. The core of the Integral platform is the Integral Internet Financial Server (IFS), an intelligent financial server capable of modeling financial instruments and events including front to back office trading and risk management processes provided by the financial institutions. CFOWeb.com uses the Public Key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) to ensure the security of communication between users, service providers, financial institutions, and the site. Information transmitted to and from CFOWeb.com is encrypted by means of the highest possible level of encryption. 128-bit digital certificates are used to encrypt the data. Users may register their public keys at CFOWeb.com so that e-mail and other messages to and from CFOWeb.com are secure. CFOWeb.com can both sign and encrypt an e-mail message so that the message may be authenticated au·then·ti·cate tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar. and only the intended recipient may view it. Any communication from a user will be authenticated as well. Availability Users and providers can register for CFOWeb.com today at www.cfoweb.com . Additional provider offerings and functionality will be announced shortly. About Integral Integral is a leading provider of e-commerce infrastructure for capital markets and has been building Internet based trading and risk management systems for 6 years. Existing customers include JP Morgan, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). and Citibank. The Integral platform, based on enterprise Java technology and XML, represents the state-of-the-art in open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced based systems from Integral and its partners. The core of the Integral platform is Integral's Internet Financial Server (IFS), an intelligent server capable of modeling financial instruments and events including front to back office trading and risk management processes provided by the financial institutions. Founded in 1993, Integral is privately held. Investors include Accel Partners, a leading Silicon Valley venture capital firm http://www.accel.com/. Headquartered in Palo Alto, Integral has offices in 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 , London, and Munich. For more information, visit the Integral web site at http://www.integral.com. Note to Editors: Integral Platform and FinXML are registered trademark of Integral. All other trade names and trademarks are the property of their respective owners. |
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