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August 12, 1987

MANUFACTURERS HANOVER TRUST CHOOSES CCF GROUP’S TUFFS SYSTEM

By CBR Staff Writer

And Manufacturers Hanover Trust has chosen the CCF Group Plc’s TUFFS system to handle its global swaps trading in order to centralise and process its swaps book for New York, London, Tokyo and other financial centres but no price was put on the deal; the New York implementation marks the first time a financial institution has set up and run a global book for swaps.

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