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Commerz FP: Commerz Financial Products has started live operations using Wilco International's Gloss securities processing system.

The Frankfurt-based subsidiary of Commerzbank is using Gloss for back office processing of equities, bonds and warrants.

Sungard in Sweden: Sungard Capital Markets has sold a licence for its Panorama global risk management system to the Swedish National Debt Office (SNDO).

SNDO is one of Europe's largest borrowers and debt swappers, according to a Sungard spokesperson

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