Harris Trust and Savings Bank in Chicago has added multicurrency reporting to its on-line information delivery capabilities, allowing customers quicker and easier access to global custody reports.
Information in U.S. dollar equivalent values has been available on-line since 1983 through the Bank's Harris Line Trust Information System.
Harris Trust and Savings has more than $170 billion in assets under management. According to Lorraine Linnerud, manager of trust product development for Harris, her customers have an increasing need for multicurrency information.
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"Years ago, the emphasis was on domestic securities, but that has rapidly changed," she said. "There is a shift towards global investing, and our customers want one source for their information."
In addition to a DOS-based offering, Harris Line is available through a Windows and an OS/2 interface, enabling customers to scroll, point, click, and download more than 150 reports.
Ms. Linnerud said that since Harris Line moved to Windows and OS/2, use of the system has doubled.
Ms. Sullivan is a free-lance writer based in New York.