RSL - Honda Finance Press Release

London 10th January 2005

Richmond Software Limited, the financial systems solution supplier, announced today that Honda Finance Europe plc has started live treasury management operations using Richmond’s Odyssey system. Honda Finance Europe has deployed the system to support pan European funding operations, which use the issuance of Commercial Paper and Bills of Exchange as their primary vehicles. The issuance programs are supported by bank facilities, and the system performs the arbitrage calculations, Foreign Exchange and cash management functions required by the financing operation. The second phase of the project is delivering extended integration and analytical processes, to enhance the core solution.

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