ChecknTrade Nieuws

11 December 2003 - ChecknTrade introduces CNT Insider Management System® , an automated system supporting Corporate Governance rules.

ChecknTrade has developed  a work process and system for companies that want to minimalize the risks of insider knowledge.  Any potential insider knowledge can now be captured on-line at any moment and investment transactions are checked before the deal is executed. In this way, companies can prove to their shareholders, directors and regulators that everything possible has been done to prevent liability and reputation damage resulting from insider knowledge.

ChecknTrade: "Self regulation as proposed by the Tabaksblat Committee, aims at  possible doubts with the public and investorsv about the integrity of managers, directors and external auditors. The Committee indicates that a proper governance structure contributes to an enhanced performance of listed companies. The quality of this structure will even be taken into account in the decision to invest in a company.

CNT Insider Management System supports a company's governance structure in an effective and efficient way. It is a valuable instrument for companies and regulators to give account about the way and to what extent liabilty risks are being covered. With the CNT Insider Management System, all financial transactions, especially orders for the exchange markets, can be checked for possible insider knowledge or other ways of market manipulation. Companies will have a stronger legal position in this area. We have developed this work process for organizations where many different sorts of employees (and their private relations) may have access to insider knowledge, for instance banks, fund managers, consultancy- and accountancy-firms and listed companies.

Thanks to the CNT Insider Management System groups of employees can be excluded from dealing in specific stock exchange securities. Personal profiles, authorities and responsibilities of individuals and departments are taken into account. With this system, the procedure for placing exchange orders is formalised. Staff can be confident that their transactions are legal.

IMS can be implemented in a company's intranet or accessed through the public internet.  All insiders can input their transactions via an exisiting (internal) electronic trading system. It makes investment transactions transparent and functions as an effective means of investigation. IMS is capable of defining  the historical context of transactions, using data from a Human Resource database, legal and economic data, distributed news items, time stamps, a decision engine and synchronisation software.

The CNT Insider Management System has been developed by ChecknTrade, in close co-operation with leading lawyers and financial institutions. The IMS work process is patent pending in the United States and in the Netherlands. ChecknTrade B.V.  (www.checkntrade.com) is a Dutch organisations, specialized in the support of governance structures in companies.  CNT Insider Management System® is the name we gave to the work process and the software developed for this purpose by ChecknTrade (Dutch patent application as of February 2003, US patent pending as of August 2001).

IMS facilitates pre-clearance of investment transactions. During the development and implementation of this work process, ChecknTrade works closely together with financial institutions, universities, lawyers, legal firms, implementation consultants and software developers.

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