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New
name for PLACID
SA after the merger with Swallow Tech
In
November 2004, Placid SA merged
its operations with SwallowTech Ltd.
To formalize this merger, we are pleased to announce
that as of December 3 2004 Placid SA
has been renamed as:
SWALLOW-PLACID
SA
We
are proud to remind you that SWALLOW-PLACID
company and PLACID-Carat product
are currently the ONLY
COMPANY and PRODUCT that offers you simultaneously
the following features, all awarded the HIGHEST
levels of SWIFT Labels:
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Nostro
Reconciliation system – the culmination of 25 years’
experience - including Intraday reconciliation,
automated STP follow-up with replies integration. |
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Real-Time
Cash Reporting’ over SWIFTNet™: fully integrated
with CaratNOS for you to use as account owner and with
a module easy to implement to serve your
correspondants and corporate customers as account
servicing bank. |
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Integration
with SWIFT Alliance Access™ providing fully
automated transparent message flow, including
real-time filtering for money laundering, terrorism
and other lists (international, national and
proprietary), and real-time duplicate detection. |
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Securities
instructions STP generation and statement of holdings
reconciliation |
Besides
these ‘SWIFT labeled’ applications,
the PLACID-Carat product
has integrated other practical functions using the same quality
development:
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Real-time
Forex/MM confirmation matching
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On-line
archive of message text and SWIFT Alliance™ history,
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STP
encoding from host tables or files, of all SWIFT
messages formats to be sent and decoding of all SWIFT
messages received to host tables or files.
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Analysis
of pending entries and automated assembly of file
combining all related known events, such as: SWIFT
transactions; accounting entries; deals; securities
sales and status; queries sent and replies received.
This system also automatically warns the management when
problems are becoming sensitive or critical, or for
abnormal events.
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