Swiss Bank Corp. announced last week the culmination of a unique technology services agreement with Perot Systems Corp., whereby the bank has the option to acquire an equity stake in the systems outsourcing firm.

The "technology alliance" between Swiss Bank and Dallas-based Perot Systems - started in 1989 by Ross Perot, the founder of Electronic Data Systems Corp. - appears to be a new twist on traditional outsourcing arrangements whereby banks farm out their data processing activities.

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