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SunGard's Adaptiv is chosen by Hypo Real Estate Bank International For Global Collateral Management

NEW YORK, October 11, 2004– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that Dublin-based Hypo Real Estate Bank International, a member of the Hypo Real Estate Group, has selected Adaptiv Collateral to manage the collateralization process supporting its derivatives and repo trading activity in 13 countries. Hypo Real Estate Bank International will use Adaptiv Collateral to help manage counterparty credit risk and streamline its collateral management operation.

Hypo Real Estate Bank International needed a collateral management solution to support its plans for increased trading in derivatives and repos. In response to regulatory demand for overall improved credit risk management, control and transparency, Hypo Real Estate Bank International also wanted a collateral management solution that would provide a controlled environment to help it to mitigate credit risk, reduce operational risk, and provide a more comprehensive risk profile of its global trading operation. With Adaptiv, Hypo Real Estate Bank International senior managers can have a global view of their risk portfolio and can determine risk strategies that can help to enhance profitability.

Eckehard Dettinger-Klemm, managing director and member of the board of Hypo Real Estate Bank, said, "After a thorough review of available solutions, we selected Adaptiv Collateral to help us to improve the efficiency of our collateral program and remove operational constraints so that we can increase our trading activity. Adaptiv Collateral provides a good combination of functional richness and ease-of-use to enable us to get the maximum benefit from our expanding collateral program."

Steve Husk, president of the Trading and Risk operating unit of SunGard, said, "Adaptiv Collateral offers clients global, multi-center, multi-currency, cross-asset management of credit, collateral, capital and risk. It provides an automated, configurable workflow process to guide the collateral practitioner through all elements of the collateral call, with all the essential controls. Risk officers have a more insightful view of their risk profile and senior management, from their browser anywhere in the world, can have a global view of their risk portfolio and determine risk strategies that enhance profitability."