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Sungard's intellimatch EP awarded Swift ready gold label

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SunGard Asia Pacific, an operating unit of SunGard (NYSE:SDS), a global leader in integrated IT solutions for financial services and the pioneer and leading provider of information availability services, today announced that intelliMATCH EP, an automated reconciliation and exception processing solution, has been awarded the SWIFT Ready Gold label for the fourth consecutive year. In 2003, intelliMatch EP has been accredited for both Reconciliation for Securities and Reconciliation for Cash.

intelliMATCH EP provides a robust matching engine and a common platform for the reconciliation of multiple instruments including cash accounts, securities positions and movements and trade confirmations and advices. It identifies, researches, and resolves exceptions automatically within one platform. intelliMATCH EP allows an institution to track the lifecycle of a transaction intra-day and in real-time, thus enhancing its cash and collateral management.

SunGard's regular research provides benchmark statistics about the global banking industry's implementation of straight-through processing (STP) solutions, and the way organisations are extracting value from their related systems investments. These latest statistics make it plain that exception management information is increasingly seen as an important factor in reducing costs, raising customer service standards and achieving competitive differentiation.

SWIFT annually recognises solutions from independent software vendors according to their compliance with SWIFT standards, their efficient integration with the SWIFT environment, and their contribution to improving industry STP.

SWIFT has clear and specific criteria that are linked to their Silver and Gold labels for each industry segment. This criteria is designed to reflect the capability of a product to provide automation in a SWIFT environment. An additional requirement is that the product needs to be used in a live environment by at least five customers.

John Wilson, president of SunGard commented, "we are pleased that we have received the elite SWIFT Ready Gold label for two categories since 1999. We shall continue to provide our customers with best-of-breed reconciliation and exception processing solutions that help to reduce risk and improve STP rates."

Commenting on the accreditation, Victor Abbeloos, head of partner solutions at SWIFT said, "we were also pleased to award the SWIFTReady Gold label to intelliMATCH EP for our cash and securities reconciliation category. This demonstrates SunGard's commitment to developing solutions that integrate efficiently within a SWIFT environment and improve straight-through processing for the benefit of our customers."

--www.theasianbanker.com (August 8, 2003)--

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