LONDON, 3 July 2006 -- Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced the launch of Thomson CAPITAL ASP, an outsourced global settlement solution for Institutional Stockbrokers and Investment Banks, designed to meet users' workflow requirements.
Thomson CAPITAL ASP addresses the needs of international organisations settling fixed income, equity, treasury, and derivative products globally. As a hosted solution, Thomson CAPITAL ASP offers clients improved economies of scale through a highly automated process, which allows clients to draw on the benefits of a variable cost pricing model and one-stop support. Thomson CAPITAL ASP is an integrated solution, which leverages content and services drawn from across TF's vast global reference library.
Peter Hald, European Managing Director, Thomson Transaction Services commented: "We have changed the game by reinventing an institutional settlement system to leverage new technologies and innovation in terms of application, design, and functionality. Thomson CAPITAL ASP allows clients to benefit from enhanced economies of scale through a variable cost model while improving control of their business without the need to invest in costly infrastructure. The Thomson CAPITAL ASP model is consistent with Thomson BETAHost in the US, a market-leading outsourced offering which allows hundreds of Investment Banks and Brokers to process millions of transactions each day."
Several clients have already signed for Thomson CAPITAL ASP and Thomson Financial anticipates the first customer will be live on the outsourced solution in the last quarter of 2006.
Key features of the CAPITAL ASP Service include:
* Comprehensive back office solution including automated Corporate Actions and Stock Borrowing
* Flexible SWIFT 15022 messaging engine
* Single Settlement Engine ready Interface with CREST for UK settlement
* Multi-asset class processing and support
* Integrated General Ledger
* Inclusive of a Thomson Global Stock Master file for daily stock and price updates
* Interfaces to leading order management systems
* Hosted in secure and resilient Thomson Financial Data Centres
* Provided on dedicated IBM host servers across two sites
* Disaster recovery service
The launch of Thomson CAPITAL ASP follows the completion of a major investment to broaden the scope of Thomson CAPITAL's settlement processing.
