SunGard eProcess Intelligence and Cable & Wireless Form Relationship To Reconcile and Manage Exceptions from Real-time Nostro Information

Singapore, 22 October, 2003 -- SunGard eProcess Intelligence, an operating unit of SunGard (NYSE:SDS), today announced an agreement with Cable & Wireless to provide reconciliation and exception management capabilities for Cable & Wireless Real Time Nostro (C&W RTN).

C&W RTN is an information service that consolidates Nostro transactions and balance details, across multiple accounts, currencies, time-zones and systems, to provide a single, up-to-the-second view of a users Nostro positions.

intelliMATCH EP, SunGards real-time reconciliation and exception management solution, will take XML-formatted data from C&W RTN to reconcile an institutions transactions and statements with their own books and records. intelliMATCH EP will then identify exceptions and automatically take steps to resolve the issue.

C&W RTN provides member institutions with a consolidated view of the transactions moving across the accounts they hold with service providers who are also members of the service. The benefit is real-time reconciliation and transaction lifecycle management for institutions as the intra-day transaction data, such as confirmations, advices, payment instructions, and balance information, is streamed into intelliMATCH EP from C&W RTN.

The support of solution providers such as SunGard, is critical if the banking community is to derive maximum value from the information made available by Cable & Wireless Real Time Nostro, said Alister Hoad, programme director for Cable & Wireless. It is through solutions like SunGards that banks can automate their processes and extract real intelligence from their data.

Colin Day, director of strategy, SunGard eProcess Intelligence, commented, With the industry move towards real-time information, reconciliation is moving away from its traditional proof and control function that happens post-settlement, to an intra-day, predictive model that occurs pre-settlement. The availability of real-time data enables an institution to reconcile and manage exceptions at each stage of a transactions lifecycle to better predict the likelihood of settlement, and improve cash and liquidity management.

The combined C&W RTN and intelliMATCH EP solution can be seen at Sibos at SunGard's stand #4073 and at Cable & Wireless stand #4041.

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