CB.Net partners with Copp Clark Professional to offer bank holiday information in BankSearchPlus payments directory
CB.Net's BankSearchPlus Helps Minimise Impact of Global Holiday Date Changes in Domestic and Cross Border Payments Processes
London, 14 March 2007 - CB.Net, a leading reference data provider, today announced its partnership with Copp Clark Professional, the leading publisher of financial trading and settlement calendars. According to the agreement, content from Copp Clark's World Holiday Data Service� will be integrated with BankSearchPlus, CB.Net's international payments directory, enabling financial institutions to prepare payments systems for disruptions caused by holiday break periods.
The World Holiday Data Service component enhances BankSearchPlus's database of Standard Settlement Instructions (SSIs), Bank Identification Codes (BICs) and national clearing codes. This combined offering will ensure CB.Net's global financial institution client base continues to have access to the most intelligent and accurate reference data solution on the market. The holiday data can be accessed at www.banksearchplus.net.
Copp Clark Professional's research team monitors changes in holiday observances and trading hours affecting 158 currencies, 284 exchanges (and markets within exchanges) and 340 financial centres.
Ian Dunning, Managing Director, CB.Net comments: "Correct and up-to-date holiday data is vital to the smooth running of banks' payments processes. Holidays or currency non-clearing days affect the settlement dates of trades and the ability to send payments. With thousands of global holidays changing yearly, it is essential to plan ahead and ensure public holidays are managed properly and that banks are aware of how the changes will impact domestic and cross border payments processes."
Ronald Marr, Head of Copp Clark Professional, adds: "The content from World Holiday Data Service® provides CB.Net with a source of holiday information that is continuously updated, ensuring their clients are always aware of newly announced holidays. By partnering with CB.Net, financial institutions are one step closer to the end-to-end Straight-Through Processing of their increasingly complex and international payments operations."
CB.Net offers the most comprehensive, authoritative sources of payments data for BankSearchPlus and its other reference data solutions BroadcastAlert and BroadcastSearch.
