The new TMS2000 licence agreement will provide Delta Lloyd with an integrated systems platform for the company's investment management activities in Wiesbaden, Germany.
Supporting a wide range of financial instruments the TMS2000 installation is to replace Delta Lloyd's existing system structure, which includes a number of legacy systems. One of these systems, an older German fund accounting system, will be substituted by TMS2000's comprehensive fund accounting module, a recent extension to SimCorp's offering to the German mutual fund (KAG) sector. As Delta Lloyd is one of the first German companies to implement this functionality, the new TMS2000 order represents an important step towards positioning TMS2000 in the KAG segment.
Delta Lloyd's TMS2000 installation will integrate the company's asset and fund management operations in a unified Straight-through Processing environment for front, middle and back office. The TMS2000 solution will therefore secure substantial efficiency gains throughout the organisation and will establish a scalable production framework for Delta Lloyd's future growth. Starting immediately the implementation of the solution will extend into 2003.
With assets under management in excess of EUR 3.5 bln Delta Lloyd Investment Managers GmbH forms part of the UK based Aviva Group, the world's seventh-largest insurance group and one of the top five life companies in Europe. Delta Lloyd's investment operations include the management of six listed mutual funds and a number of funds for institutional investors (so-called "Spezialfonds").
The order is already included in SimCorp's forecasted order inflow for 2002.
Consequently, the financial outlook for 2002 is maintained.