SS&C Announces Equity Swaps Capabilities for SS&C Debt & Derivatives(tm) System

Windsor, Connecticut, February 25, 2002-SS&C Technologies, Inc. (Nasdaq: SSNC) today announced the full release and general availability of a new Equity Swaps module to its Debt & Derivatives application, a comprehensive valuation and accounting system for complex debt and derivative instruments. The new Equity Swaps module handles both single and user-defined "baskets" of equities, and supports splits & dividends, as well as long and short positions. The module provides full support for the valuation, payment calculation and accounting for equity swaps. It is a module of the Company's SS&C Debt & Derivatives application, and also works in conjunction with SS&C's Antares(tm), and CAMRA(tm) trade order management and investment accounting systems.

"We are pleased to deliver functionality in support of equity swaps to the derivatives marketplace," said Seth Singer, Vice President of Derivative Products at SS&C. "This new module enables the client to easily integrate equity swap transactions into their portfolios. It is currently being evaluated by existing SS&C clients, and the feedback to date has been quite positive. Moreover, we expect to add a new Equity Options module to the system in the second quarter of this year."

About SS&C Debt & Derivatives
Debt & Derivatives is a comprehensive financial application software package
designed to process and analyze all activities related to derivative and debt portfolios. In addition to the new Equity Swaps functionality, derivative instruments supported include Swaps, Caps/Floors/Collars, FRA's, Interest Bearing Debt, Discounted Debt, Futures, Options, F/X, Spot/Forwards, and Bond Forwards. The Debt & Derivatives system also provides extensive management and regulatory reporting.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development