SCH Supplies Deutsche Bank with Year 2000 Conversion Software

Deutsche Bank’s international trade system is the first of the bank’s seven main computer systems to undergo conversion. All seven which will be converted by the bank’s own staff using the same method, with SCH conversion tools.

SCH (Software Conversion House) of the Formula group recently signed an agreement with Deutsche Bank, the largest bank in Germany and the third largest in the world, for the supply of year 2000 conversion software. The deal is worth some NIS 10 million.

Under the agreement, SCH gave the bank user licences for its C-Mill conversion tools, and training in their use, for the purposes of converting Deutsche Bank’s international trade system DB Trader. Deutsche Bank’s international trade system is the first of the bank’s seven main computer systems to undergo conversion. All seven which will be converted by the bank’s own staff using the same method, with SCH conversion tools.

Published by Israel's Business Arena February 2, 1998

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