Charles Schwab Goes Live with integra-T.com Implementation highlighted by new Collateral Management Functionality

Chicago, February 7, 2002—Integrity Treasury Solutions today announced that Charles Schwab & Co., Inc., a leading financial services company has successfully implemented integra-T.com, Integrity’s latest version of treasury management software, to enhance its internal treasury operations.
Schwab will be using the Money Market, Cash Management and Accounting functionality of integra-T.com in this first phase of implementation, and will be rolling out the software in other parts of the organization throughout 2002.
Schwab is the first North American-based client to fully implement the generally available release of integra-T.com. This comprehensive treasury management system was further enhanced for Schwab to include a Collateral Management system. The key advantage of this re-architected version, built
with Microsoft’s COM development tools, is to facilitate such enhancements and customizations.

Integrity worked closely with Schwab to develop and deliver a Collateral Management system to monitor collateral. Schwab needed the ability to capture the contract value of its reverse repurchase agreements while also tracking the associated securities collateralizing the transaction. This included the ability to value, substitute, receive and deliver securities with and without an exchange of cash with the counterparty. The system was also modified to capture partial settlements and to capture what-if trades to ensure that the trades would be within required exposure limits.

"The Treasury Capital Markets Division of Charles Schwab was an excellent proving ground for our newly upgraded product," states Les Halpin, Chief Executive of Integrity. "Their needs were clearly defined and we were able to fully incorporate their desired functionality into our system."

"The strong relationship formed between our firms was key in developing our enhancements and successfully implementing the system," states Carrie Dolan, Treasury Vice President from Schwab.

"We have been able to eliminate much of our manual processing which will give us more time to analyze alternatives, assess performance and maximize value to the firm. In addition, the integrated technology provides a flexible and scalable platform that will support our ability to grow and evolve."

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