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COR completes re-branding for Salerio e2e.

LONDON, November 11th 2003: Salerio e2e the Market leading STP solution for global investment managers is now fully re-branded through COR STP Solutions, completing the product’s integration within the COR Group.

The Salerio e2e STP solution is currently used by 7 out of the top 20 global
investment management houses and outsourcing organisations across North
America, Europe and Asia. This represents 20% of global assets under management.

Salerio e2e is unique as it is the only STP application available that is specifically designed for investment managers that can be implemented as a standard application. It offers a truly integrated approach to transaction process management across all instrument types, including notification, confirmation, settlement and reconciliation. Operational efficiencies are maximised through the prioritised, exception-based workflows.

Lee Runciman, Chief Operating Officer of COR-STPS, said: "Following the
acquisition by COR, the re-branding and repositioning of Salerio e2e as a full
service STP offering to investment managers completes a period where several
significant new contracts have been signed with customers. At the same time a
new investment programme has been introduced to further develop Salerio e2e’s
market leading capabilities. Salerio e2e already supports the highest volumes in
the marketplace and insulates our customers from future changes in market
practice ".

In recent tests, Salerio e2e was proven to be able to match 2 million transactions an hour on a many-to many basis.

Salerio e2e offers a breadth and depth of functionality and integration that is
unmatched in the industry. The product can be delivered as a solution to
automate a single part of the transaction management process right up to a fully-integrated best practise STP solution. It encompasses all aspects of the trade lifecycle from block order notification, all the way through to transaction reconciliation with custodians.

Salerio e2e is being used by investment managers and Third Party Administrators
to manage the full range of instrument types including treasury and money
market trades.

Salerio e2e is able offer a fully integrated, single database solution through the deployment of an application infrastructure (Salerio e2e Framework) within which a wide range of specific Salerio e2e business applications can be deployed. Salerio e2e Framework encompasses a complete middleware solution and all of the common components that are utilised by the business applications including the exception manager (enabling a single point of exception management), the workflow engine, a highly flexible generic matching engine, and an array of components for audit, archive, security, data segregation and user profiling.

Salerio e2e Framework also delivers a reference data warehouse as standard that
gives the user comprehensive facilities for data cross referencing, checking,
enrichment and calculation.

The global nature of the Salerio e2e customer base also means that the solution
has been linked to most of the market leading asset management applications
(order management and portfolio accounting systems) and supports the full
range of connectivity options to service providers and networks including SWIFT,
OMGEO, FIX and the DTCC, meaning rapid implementation times and faster
return on investment.

COR-STPS will be exhibiting Salerio e2e at the ISITC conference, London 20th