WING HANG BANK SELECTS REUTERS FRONT-TO-BACK TRADING SOLUTIONS TO EXPAND ITS TREASURY BUSINESS

Hong Kong - Wing Hang Bank, a publicly listed company in Hong Kong, has
signed an agreement with Reuters to provide a front office trade capture and
risk management system as well as a back office trade processing system
across its treasury business in Greater China.

Wing Hang Bank which has about 40 branches in Hong Kong, Macau and China,
will use Kondor+ and Reuters Trade Processing (RTP) for deal capture,
position keeping and risk management across a wide range of products
including foreign exchange, money market and derivatives. All instruments
will be processed via the same integrated solution.

Tommy Lee, Assistant General Manager, Wing Hang Bank said: "The banking
industry is facing increasing competition and pressures to focus on trade
efficiencies and risk management. As our bank grows its treasury activities,
we believe that the Reuters solutions, having a open and modular system will
give us the benefits of a value added global solutions to grow our market
share, to streamline our business and to stay ahead of changes in the
financial market, regulatory policy and technological advances in the
region."

Mark Smith, Solutions, Director, Reuters Asia said: "I am delighted that
Wing Hang Bank, one of the leading banking groups in Greater China had
decided to embrace sophisticated technologies such as Reuters straight
through processing solution to implement its treasury back-office system and
to integrate their trading and risk management application. Reuters
solutions aim to help financial corporations meet the requirements for lower
costs, increased efficiencies and integrated performance."

Reuters Trade Processing is an open and modular back office system that
handles all processing and cash management requirements for a wide range of
instruments. A real time integration module between Kondor+ and RTP provides
the ideal front to back office solution for customers looking for
straight-through-processing of their treasury and investment activity. For
RTP, being modular enables the possibility to select only the features it
currently requires while leaving the door open for expanding the functional
scope of deal administration, risk management, cash management, accounting
ledger and inhouse banking.

Kondor+ is a real-time position keeping system that offers a sophisticated
and flexible means of capturing deals and managing risk. The application
provides a wide range of tools and functions that give up-to-the-second
information and analytics. With Kondor+, users make informed decisions in
managing the financial exposure of a trading room's activities. Kondor+
handles a wide range of financial market transactions, including securities,
foreign exchange, money market , exchange traded and over-the-counter
derivatives. The application manages portfolios, displays real-time
positions and results, calculates the value and risk exposure of any
combination of financial operations.

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