Standard Bank Selects SunGard’s Adaptiv Credit Risk for Global Credit Exposure Calculation and Real-time, Pre-deal Credit Risk Analysis

NEW YORK, February 8, 2004– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that Standard Bank Group (Standard Bank) has selected Adaptiv Credit Risk as part of its plan to build a common platform for credit risk processing for all wholesale corporate and investment banking activities within the group. Standard Bank is based in South Africa with operations throughout the African continent and in over twenty countries outside of this region. It will use Adaptiv Credit Risk to manage global wholesale credit risk across these locations on an ASP-basis, using SunGard's South African-based hosting center.

Standard Bank is reengineering and aligning its business organization model for its wholesale activities in terms of underlying processes and procedures as well as the supporting systems and technology infrastructure. Adaptiv Credit Risk will provide an integrated framework to help it to standardize processes and help improve the efficiency and consistency of its wholesale credit risk function.

Adaptiv Credit Risk will also help Standard Bank to increase automation by consolidating data from a number of wholesale source systems into a central data repository. It will replace batch-driven solutions in London and Johannesburg with a real-time exposure measurement capability, helping the bank to proactively manage credit exposures with the ability to drill down and identify specific cause and effect.

With the wholesale credit risk management function consolidated onto a single solution, Standard Bank will be able to implement a consistent approach for measuring credit risk. Adaptiv Credit Risk will help Standard Bank to implement improved credit exposure measures and real-time, pre-deal credit analysis for both on- and off- balance sheet activities.

John Stathoulis and Neil Holden, directors for risk management in Johannesburg and London, respectively, were joint sponsors of the project. Mr. Stathoulis said, "Once in place, the Adaptiv Credit Risk solution will help all levels of management to improve their respective oversight roles by having easy access to concise, accurate and meaningful exposure data for all counterparties, products, industries and countries. Exposure data will be consistent across international and domestic operations."

As an ASP-based framework, Adaptiv Credit Risk also provides Standard Bank with the benefits of reduced upfront investment and lower maintenance costs, as well as minimum service levels for performance and availability as part of a Service Level Agreement. Mr. Holden commented, "We selected the ASP-based delivery model because it provides a complete solution approach that includes software and the necessary supporting operational, capacity planning and business contingency services."

Juerg Hunziker, president of SunGard’s Trading and Risk operating unit, said, "Adaptiv Credit Risk helps banks to automate and streamline their processes and its global, real-time risk architecture help banks to meet their complex risk management objectives while demonstrating measurable efficiency gains."

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