The RECORDSNETSM system
consists of applications designed to archive and retrieve electronic
versions of statements, trade confirms and reports.
RECORDSNETSM is designed
to archive computer output to laser disk (COLD) and to provide secured
electronic desktop retrieval and viewing of that data. The information
being archived is Customer Statements, Trade Confirms, and Critical
Reports that the Corporate Library maintains. This recorded information
has mandated retention schedules of seven to ten years, must be
reproduced exactly as created, and must be retained on Write Once
Read Many (WORM) optical media approved by the SEC. RECORDSNETSM
provides archive, retrieval, viewing, printing and faxing capabilities.