BANK RECONCILIATION

TD Coffer (Toronto-Dominion Bank) of Canada (NYSE: TD) is creating a Canadian exchange to accompany E-purchasing and added casework to Canadian companies. The coffer is partnering with Commerce One (NASDAQ: CMRC) to actualize the exchange and will accomplish Commerce One's added networks accessible to its customers. (See TEC News Analysis articles: "Commerce One to Procure for the Antipodes...and Elsewhere" and "Commerce One Goes High, Wide and PeopleSoft"). The new exchange will serve barter of all sizes, and afterwards its antecedent alms of beeline purchasing, will extend to these barter added casework such as activating trading, acquirement cards and third-party casework in advice technology and logistics.

As the aboriginal to advertise such a exchange in Canada, TD Coffer has a absolute appropriate to say that it is defining the market. However, its advertisement raises a beyond question. Who should actualize an cyberbanking marketplace? TD Coffer makes a acceptable case for banks accepting involved. Existing banking relationships with abounding companies are a acceptable abject for recruiting bazaar members, and the bank's adeptness to abetment in funds transfer, banknote administration and barter costs will be adorable to abounding companies. What the coffer does not accompany to the table is accustomed ability in accretion or technology. Of course, any bartering coffer will accept specialists in anniversary of these areas as allotment of the teams it creates to appraise loans and investments, but by agreeable in this adventure the coffer is finer commoditizing the E-procurement exchange business. By application Commerce One for accretion expertise, and a array of ERP vendors and technology integrators to accumulation abstruse ability for back-end systems integration, the coffer is assuming that anyone can actualize an E-procurement marketplace. It may yield a big anyone, but this advertisement tells us to apprehend dozens, if not hundreds of agnate announcements in the next few months.