Economy and Business Info

Archive for the ‘administration info’ Category

“La Caiman” launches the first social network for customers of a financial institution in Spain. The initiative, called “Online Community CaixaEmpresa” is designed to allow businesses and the self linked to “la Caiman” to expand their network of contacts and access to potential new partners, customers or suppliers.

The service was created as a dedicated network, for membership, the applicant must receive an invitation sent by his office and will have available from Open Line, the home banking “la Caiman”. One of the benefits of the online community created by “la Caiman” is the reliability of the information provided on the members, as all companies that join the network will be customers of “la Caiman”.

The virtual community of companies “la Caiman” will pioneer worldwide.

“La Caiman” has developed the “Online Community CaixaEmpresa” in order to put their experience in the 2.0 environment to service customers of the entity. For “la Caiman”, creating its own network will increase the level of service to a key segment: Sees and professionals with a high degree of linkage, with a close relationship with his business manager of “la Caiman” and habituated to use the different electronic channels in financial operations (mobile phone, PDA, Internet, multi-terminal, etc.)…

Services for users to enhance their visibility and make contacts

among the main services of the Online Community CaixaEmpresa stresses that users will have more resources to strengthen its visibility in the network: will have a personal page and another for your business or company.

• The business page will be made public, may appear in the searches that other users make and receive requests for contact. It is equipped with resources to enrich the contents such as video, images, location map or download documents (product catalog, price lists.

• Regarding the personal profile, users themselves who will decide whether to make it visible only to their contacts or the entire community.

Today the United States met since the second quarter GDP was revised down from +2.4% to +1.6%. While this figure seems bad, not so much because the market was expecting a downward revision from +2.4% to +1.4%. This has given relief to the markets, which record highs this morning led by the Dow Jones (+0, 60% after opening).

We are waiting for what Ben Breanne may say today about the future of the economy during the Annual Meeting of Presidents of Central Banks, as well as the Consumer Confidence number of Michigan Universidad August (projected at 70 pts.)

With the above, the negative tone continues in international markets, but the contagion to emerging economies has been very limited.

For now, we maintain the negative bias, since there is no sign that this is over. However, we recommend caution in the current levels because the market three weeks of low accumulation

Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV