TenFold To Replace Chase's Securities Lending System
VENDOR BRIEFING
SALT LAKE CITY, UT--TenFold Corp, the Salt Lake City has made an agreement to install a new securities lending system at the Chase Manhattan Bank, the world's largest global custodian. As a result, borrowers of securities lent by Chase's institutional customers can do deals on the Web 24 hours a day. Chase's legacy system, a combination of proprietary and vendor-designed software, will be replaced by a TenFold designed package.
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