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DUBLIN (July 03, 2001)?IFS (, the leading developer of
collateralised trading and Internet solutions for international financial
institutions, today announced that Industrial Bank of Japan (IBJ) has
chosen the world's leading collateralised trading application, MarginMan.

The system has already been installed in IBJ's trading room in London with
additional plans to roll out MarginMan to its Singapore, New York and Tokyo
offices as the bank expands its collateralised trading operations globally.

"Our primary goal is to continue providing our customers with an unrivalled
service and to attract new clients with value-added offerings such as
collateralised trading. Having chosen the best system available, MarginMan,
IBJ intends to become a prominent player in the collateralised trading
sector," said Tim Wilding, Project Manager, IBJ in London.

MarginMan is a risk management and position-keeping system for global
collateralised foreign exchange, bullion and currency option trading.
Portfolios are updated and revalued in real-time. User navigation is
through a friendly and efficient multi-panelled interface which allows the
bank to view the effect of potential scenarios on clients portfolios before
they are confirmed.

"IBJ are one of the most customer-orientated Japanese banks and naturally
we are delighted that they are using MarginMan to extend the range of
product offerings and services to clients," said Ken Coldrick, Managing
Director, IFS.