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CONCORD FINANCIAL GROUP'S NEW REPORATE PROGRAM OFFERS INSTITUTIONAL INVESTORS AN EASY WAY TO INVEST SHORT TERM FUNDS

 CONCORD FINANCIAL GROUP'S NEW REPORATE PROGRAM OFFERS INSTITUTIONAL
 INVESTORS AN EASY WAY TO INVEST SHORT TERM FUNDS
 NEW YORK, Oct. 28 /PRNewswire/ -- The Concord Financial Group, Inc., has introduced a new program for institutional investors that provides a quick and easy way for them to invest their short-term funds.
 In addition to its convenience, the new Concord Reporate Program offers institutional clients competitive yields, a higher level of service and many other benefits by participating in master repurchase agreements.
 "With the Concord Reporate Program, one phone call gives a client access to top tier dealers and the best available repo yields from Concord's enhanced buying power," said Richard E. Stierwalt, chief executive officer of Concord financial Group. He continued:
 "As one of the largest administrators of proprietary mutual funds, and with nearly $6 billion in repurchase agreements being traded daily by these funds, Concord is familiar with the repo marketplace and is well-known by the dealer community. As a result, our Reporate Program ensures competitive bidding, but also offers clients other important features when it comes to their repurchase transactions.
 Among the benefits provided by the Concord Reporate Program are:
 -- Perfection of security interest. Under the Reporate Program, clients own the collateral in their account.
 -- Choice of custodians and custodial programs.
 -- Independent collateral pricing.
 -- On-going dealer screening and review.
 -- Customized collateral programs so clients can select any collateral they want, including U.S. Treasury securities, government agency securities, collateralized mortgage obligations, money market instruments, etc.
 -- No collateral shortages or trade rejection.
 -- Minimum of 102 percent collateral margin.
 The program is designed to support all internal and national accounting systems, and permits purchases and redemptions until 2 p.m. Eastern time. There are no custody charges, collateral delivery charges or dealer wire charges.
 Concord Financial Group, a leader in the administration and distribution of proprietary mutual funds, has successfully developed partnerships with financial institutions to administer over 50 mutual funds representing nearly $25 billion in assets.
 For more information on the Concord Reporate Program, call 1-800-824-3863.
 -0- 10/28/92
 /CONTACT: Laura Berger or Stan Appenzeller of Arlen Financial Communications, 212-966-5100, for Concord Financial Group, Inc./ CO: Concord Financial Group, Inc. ST: New York IN: FIN SU: PDT


LR-AH -- NY035 -- 5901 10/28/92 10:37 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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