In Brief: Two Bankers Trust Products Geared to Euro

Bankers Trust Corp. has launched two cash management and check-clearing products intended to facilitate transactions in euros, the single European currency to be adopted next year.

The first, Euro Global Treasury Management, allows clients to hold balances in various existing European currencies while taking advantage of the collective interest earned on a single currency.

The second, Euro Priority Remittance Services, reduces the operational burden of clearing checks through Europe by letting clients clear through Frankfurt regardless of currency or country.

Both products are part of a broader effort by Bankers Trust and other U.S. banking companies to reorganize their European operations in advance of the euro's adoption. Chase Manhattan Corp., for example, has invested $75 million in building euro-based systems, including a major Frankfurt- based payment-clearing system.