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CheckFree Selected by UBS Global Asset Management . -- TradeFlow TPM Financial Messaging Solution to Serve as Global STP Hub --

London (April 14, 2004) – CheckFree Financial and Compliance Solutions (CFACS), a business unit of CheckFree Corporation (Nasdaq: CKFR), today announced that it has begun implementation of TradeFlow TPM at UBS Global Asset Management (AM), one of the world’s leading asset management organizations. TradeFlow TPM, a leading edge messaging, workflow and exception management solution, is to be the hub of UBS Global Asset Management’s new global trade confirmation system, the first phase of which is scheduled to go live in London this summer. TradeFlow TPM was a product of HelioGraph Ltd., a company that was acquired by CheckFree in November 2003.

The London operation will spearhead the project in the design phase, before rolling it out to other asset management locations, including Zurich, Chicago, Singapore, Sydney, and Tokyo. TradeFlow TPM is the backbone of the new system, providing borderless trade confirmation and exception management workflow. UBS Global AM offices will be able to access TradeFlow TPM for “single window” data monitoring capability that will enable fund managers and brokers to access real-time, enriched trade information regardless of geography or time zones. The solution will also provide UBS Global AM with a new level of business process control for performance measurement of brokers.

TradeFlow TPM was chosen after an extremely rigorous selection process based on several major criteria. "We liked TradeFlow TPM’s ease of deployment and the fact it supports new services such as FIX 4.4 and OMGEO CTM, while providing sufficient flexibility for UBS Global AM to adopt future standards – a vital consideration given the scope of the project," explains Richard Flack, Project Sponsor, UBS Global Asset Management. TradeFlow TPM can deliver increased operational efficiencies, reduced risk, improved trade settlement speeds and provide in-house and third party users with better access to decision-making information.

UBS Global AM was also looking for a supplier that could not only deliver a proven STP platform on a global scale, but also understood their specific business needs. "CheckFree has a breadth of expertise in our industry, a mature client base and a track record of successful implementations. CheckFree also has the global presence and corporate reliability to provide support on a worldwide basis."

"UBS Global Asset Management has one of the most comprehensive and sophisticated buy-side operations in the world," says Mark Zill, senior vice president and managing director of CFACS. "Our rich domain expertise in cross-border settlement uniquely positions us to provide a rapidly deployable solution backed by a global presence."