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Peruvian-based BIF live with IBSnet

Lima, Peru – July 4, 2006 – Surecomp®, the leading provider of integrated trade finance solutions for the banking and financial market, today announced that Lima-headquartered BIF - Banco Interamericano de Finanzas – has completed stage I of the implementation of Surecomp’s comprehensive front-to-back trade finance solution and is now in full back office production. Stage II, focusing on the implementation of NetIMEX® - Surecomp’s highlyacclaimed Internet-based trade finance customer front end - will commence shortly.

BIF is one of the top five Peruvian trade finance banks.

This achievement demonstrates the depth of cooperation between BIF and Surecomp, and the professionalism and dedication of both parties in reaching this milestone.

Isabel Quevedo Ocampo, BIF’s International Business Manager remarked “We are delighted we have reached this stage. For us, production with IBSnet is a major milestone. BIF can now provide its clients with the most advanced trade services and finance solution in Peru. The implementation was the fastest and most efficient I have witnessed and I would like to compliment the BIFSurecomp
team on a job well-done.”

Extending his best wishes to the Bank and paying tribute to the joint BIF / Surecomp teams, Surecomp Vice President - Business Development, Vladimir Ramirez explained some of the reasons for the success of the project. “This achievement is due to the visionary executive and IT teams at BIF. They grasped the opportunity to forge ahead of their competitors by implementing a comprehensive state-of-the-art solution. We take satisfaction in knowing that BIF now has the ability to increase its business and prosper using our market-leading trade finance products. The successful and rapid completion of this project is a true reflection of the partnership between Surecomp and BIF.”