CANNEX gathers and compiles interest rates and calculation values for financial products and services offered by financial institutions in Canada.

CANNEX redistributes this information to brokers and agents, financial institutions, print and electronic media, analytical services and consumers in the most efficient method for each client.

            These methods include:
            • Intranet, extranet and web pages hosted on CANNEX’s servers
            • Formatted (HTML) web pages downloaded to clients’ servers
            • Customized electronic files to update clients’ databases or web sites
            • Standard electronic files to update clients’ databases or web sites
            • Direct access to the CANNEX database
            • Email and fax 

            The products and services tracked include:
            • Fixed interest rate products:
               – Term Deposits, GICs, GIAs, RRSPs, RRIFs, and Deposit Accounts
            • Credit products:
               – Mortgages, Loans, Credit Cards, and Prime Rates
            • Calculation results, hosted calculators and custom written algorithms for Annuities
            • Daily prices and performance values:
               – Mutual, Segregated, Pooled and Labour Sponsored Investment Funds
            • End of Day Prices for major North American Stock exchanges

The key to the accuracy and timeliness of this information is that financial institutions update and maintain information about their own products on the CANNEX System.  This is done by online access or file transmission.  All data is checked electronically when entered and CANNEX staff regularly audits the data for accuracy and completeness.

In the case of annuities, insurance companies have provided CANNEX with their mathematical algorithms used to calculate annuity values which are reprogrammed onto the CANNEX System.

Many institutions fully guarantee the interest rates and product information distributed on their behalf by CANNEX.

© Copyright 2008 CANNEX Financial Exchanges Limited.  All rights reserved. 
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