Peresys Press Release

Johannesburg, 31 January 2005

The HSBC Group, one of the largest banking and financial services organisations in the world, has recently implemented Peresys' securities lending system, SLAMS across its South African branch's lending desk.

According to Yvonne Mohammed, assistant manager, Securities Lending, "HSBC in South Africa, have found SLAMS to be a very robust system which is at the forefront in terms of interfaces, functionality and reporting."

"Furthermore" she said "our change to SLAMS was made easier by the support we received from Peresys in terms of minor changes and new requirements specific to HSBC."

With the installation of SLAMS at HSBC, Peresys, a specialised financial markets solutions provider, has consolidated its position as South Africa's leading supplier of choice for securities lending software.

"The HSBC solution makes use of the SLAMS core system together with a suite of interface modules allowing for integration into multiple settlement and administration systems", says David Harty, SLAMS Product Manager at Peresys.

"SLAMS is designed for all Securities Lending business functions, with a client base stretching from small hedge fund type borrowers to the largest lenders in the market."

"'We are very excited to have HSBC join the rapidly growing community of SLAMS users", says Dave Harty, SLAMS Product Manager at Peresys.

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