The scope of the agreement is an ASP solution providing the 235 affiliated savings banks with SimCorpâs investment management system, SimCorp Dimension.
The centrally operated system solution will comply with the requirements of savings banks within securities trading. The smaller institutions count on simplicity and transparency whereas the larger institutions count on instrument variety and a high degree of automation.
SimCorp further announces that a pension fund for a Dutch multinational company has chosen SimCorp Dimension for its front, middle and back office operations.
These two new orders along with a positive development in SimCorpâs sales and implementation activities have triggered an adjustment of the company's expectations to this yearâs financial result. Assuming that the activity level in December will show a typical sale of add-on licenses to existing customers and that implementation projects run as planned, the company now upgrades the expected EBIT margin for 2004 from approximately 15% to the range of