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CHECKFREE ANNOUNCES READINESS FOR MANDATORY MIGRATION TO OMGEO CTM

CheckFree TradeFlow enables block-level buy-side institutions to successfully migrate to central matching before 2008 migration deadline

CheckFree Corporation (Nasdaq: CKFR) announced today that its CheckFree TradeFlow solution can enable block-level buy-side firms to comply with the rapidly approaching Omgeo Central Trade Manager (CTM) central matching deadline of April 2008. The mandatory deadline was announced in May of 2007 and has resulted in an urgency across the industry to plan ahead for this migration.

CheckFree TradeFlow™, CheckFree’s post-trade transaction process management solution, has an existing community of clients that connect today to Omgeo’s CTM via CheckFree TradeFlow. In 2002, CheckFree was the first supplier to gain the Omgeo-certified STP partner interface accreditation for Omgeo CTM. By selecting CheckFree TradeFlow, clients have been able to reduce the business continuity and implementation risks typically associated with such key migrations. Firms that do not plan ahead for the Omgeo migration deadline will be forced to process trades manually, less cost-effectively, and with a higher level of business risk.

Organizations using CheckFree TradeFlow today are already experiencing functional parity to previously implemented local matching models. New users to the CheckFree TradeFlow system can benefit from having all trades across multiple asset classes consolidated into, and managed from, a single application for trade management and exceptions processing.

“CheckFree has worked with Omgeo for many years and CheckFree TradeFlow already provides the same functionality within both its CTM and local matching solutions. In fact, CheckFree has already moved the sophisticated settlement enrichment processing from our local match solution into our Omgeo CTM workflow to support the migration,” said Geoff Harries, director of securities product management, CheckFree. “The move to Omgeo CTM is mandatory by April 2008, and clients are implementing CheckFree TradeFlow as a tactical solution in their long-term strategic approach to post-trade processing. CheckFree TradeFlow provides firms with a consolidated view and management of all trades, regardless of instrument class or where they are matched, centrally or locally.”

CheckFree TradeFlow is a sophisticated multi-asset transaction process management solution incorporating workflow, matching, exception management, messaging and connectivity, all designed to reduce the risk and cost associated with post-trade automation. CheckFree’s approach to packaging integration, workflow and exceptions management can allows for rapid deployment to meet the migration deadline.