Credit Suisse entered the Master Trust market with the launch Masterwrap in mid 2004. Masterwrap's competitive position is based around innovation and cost effectiveness. Masterwrap is the first platform to offer straight through processing of transactions based on industry standard swimEC message formats. Conductor is the messaging framework used to interrogate and validate transactions generated from the industry's most accepted financial planning desktop, Visiplan. Clean transactions are pushed by Conductor to Masterwrap which is administered on Composer.