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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: Greg R who wrote (186)	1/7/1998 10:59:00 AM
From: Ron Everest	Respond to of 1673

Their old GEAC systems are not Y2K compliant. They do not have the capability to handle 10 year term deposits on the old systems. The new system is a redesign of a prologic system application. In this sense, they are abandoning they old banking systems by the end of next year and applying the new design as the solution. Hope this helps, Ron E

To: Greg R who wrote (186)	1/7/1998 8:27:00 PM
From: Ron Everest	Read Replies (1) \| Respond to of 1673

Greg: I erred on one point in my last post. On the CDSL GEAC systems clients could enter a long term say of 10 years and sell it, but, the problem of Year2000 dating would not be a problem until year 2000 arrives. They are converting all of their customers off of the old platform to their modification of the Prologic platform thus solving the Y2K problem in the basic banking software. In Canada very few GIC (term deposits) of greater than 5 years are sold as they would not be CDIC or Provincially deposit insured ($60 k federally and variable for different provinces, in BC $100k with various twists) Hope this clarifies for you. Best regards, Ron E