CB.Net Reference Data

CB.Net launches free correspondent banking directory

Atlanta, Georgia, 11th October 2004

Reference data provider CB.Net has today launched BankSearch™ - the definitive correspondent banking directory. BankSearch™ is a free product containing, more than 70,000 SSIs, 6,000 balance sheets, 100% BICs and contact details for over 60,000 banks and financial institutions - available on-line to banks and corporates.

Users of BankSearch™ will be encouraged to update and maintain their own SSIs on a regular basis in order to keep their free subscription to the directory. The benefits are endless - at the same time as having access to BankSearch™ banks can also increase their own inward STP for free, using the CB.Net SSIPublishing Key™ to ensure that their published SSI information is correct.

"We fully understand the banking industry's need for reliable and accessible international payment data and have taken the innovative step in creating something that can do this at no cost to the banks. BankSearch™ provides everything that a correspondent banker would need for daily payments, in one source", says Ian Dunning, managing director at CB.Net.