USI Renews Core Derivatives Processing System with Rolfe & Nolan

London, 12th April 2005 - UniCredito Servizi Informativi (USI, the IT company of UniCredito Banca Mobiliare) has renewed its contract with Rolfe & Nolan, signing up again for RANsys, Rolfe & Nolan’s powerful core system, together with its comprehensive and versatile general ledger and database solutions.

Commenting on the signing, Paolo Pagani, director of sales for southern Europe at Rolfe & Nolan said: "Renewals should not be seen as done deals. Any renewal involves a hard-headed look at business needs and solution functionality. That USI has renewed with us is a confirmation of the continuing excellence of Rolfe & Nolan processing solutions."

"Our back office processing system is very important to us, as a top-flight Italian investment bank", said Marco Germini, Head of Foreign Division and Corporate Finance at USI. "This renewal enables UBM and other UniCredito Group banks to continue using Rolfe & Nolan’s reliable and versatile solution."

Rolfe & Nolan chief executive Bob Freeman said: "Unicredito was Rolfe & Nolan’s first Italian customer and we have enjoyed a long and fruitful relationship with them. I am delighted that they have decided to renew with us. We look forward to continuing to supply them with world class processing software."

In addition to using Rolfe & Nolan’s full back-office processing solution, USI also employs, under a separate contract, Merlin Margin, which is integrated with its system. Merlin Margin is Rolfe & Nolan’s powerful ‘next generation’ margin engine, delivering sub-second response times and covering more than 60 of the world’s leading listed derivative exchanges.

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