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Credit Suisse Announces Roll-Out of SponsorCross(TM); New Proprietary Crossing Capability Designed for Plan Sponsors.


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
 -- Credit Suisse's Transition Management group is pleased to announce the roll out of SponsorCross(TM), the newest trading crossing capability designed for Plan Sponsor clients who are in the process of implementing a transition, a corporate buyback, raising cash for distribution to pension fund participants or reallocation Noun 1. reallocation - a share that has been allocated again
allocation, allotment - a share set aside for a specific purpose

2. reallocation
 of assets and funding new managers with cash.

"SponsorCross is the latest in a suite of cutting-edge products that enable us to provide our Plan Sponsor clients a best-in-class platform for transition implementation," said Hari Achuthan, a Director in the Pension Strategies & Transition Management group at Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. . "The role of SponsorCross is to provide equal opportunities between Plan Sponsors to potentially reduce risk and associated implementation costs (implementation shortfall) of a transition."

The SponsorCross product manages the first step of the crossing process by identifying crosses between Plan Sponsors only, while optimizing and maximizing crossing opportunities. All crosses between Plan Sponsors that are generated by SponsorCross are priced using the closing prices of the benchmark date and printed on the respective exchanges. Once the first step of crossing between Plan Sponsors is complete, the second step is to cross the order with other Credit Suisse client flow to potentially reduce implementation costs for Plan Sponsors. This process is managed by CrossFinder(R) - a Credit Suisse developed proprietary crossing system which is also an Alternative Trading System (ATS).

For more information about SponsorCross, please call 1-888-233-5784 or email transition.team@credit-suisse.com.

About Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers 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
, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK)
CSGN coordinating subgroup for narcotics (US DoD)
CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) 
) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS)

Foreign stock issued in the US and registered in the ADR system.
 (CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. ), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com

In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 69 locations across 33 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage Prime Brokerage

A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things.
 services.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 5, 2006
Words:418
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