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BNP Paribas selects SmartStream Technologies

Paris, 9th September 2003. SmartStream Technologies is delighted to
announce that BNP Paribas Paris has selected its reconciliations solution.
The solution is currently being installed to automate the reconciliation of
the bank's retail custody business.

The solution will form a strategic part of BNP Paribas' Euro Securities
Partner (ESP) initiative, which the bank is embarking on in conjunction
with Credit Agricole. This ESP initiative involves the provision of a
common infrastructure for custody services in Europe.

Credit Agricole Paris automated its reconciliation operations with Corona
over two years ago. SmartStream's solutions are used by a number of
business units within the organisation including asset management and
retail and investment banking divisions. This selection of Corona by BNP
Paribas will allow the two institutions to standardise on a single reconciliations platform for their ESP initiative.