IPS-Sendero Unit of Fiserv Hosts Series of Credit Risk Seminars in European Cities 15-22 June

Events to focus on credit risk management for financial institutions

LONDON—13 June, 2005—IPS-Sendero, a unit of Fiserv, Inc. (Nasdaq: FISV) and a provider of technology solutions and education for enterprise risk, will host a series of seminars on managing credit risk in financial institutions in four European cities 15-22 June, 2005. The events’ theme is "The Influence of Macro-economic Conditions and Cyclical Effects in the Management of Credit Risk," and will address how financial institutions can enhance overall financial performance by utilising credit models to timely manage credit portfolios before default occurs.

Dr. Donald R. van Deventer, chairman of Kamakura Corporation, IPS-Sendero’s strategic enterprise risk management partner, will be the events’ featured speaker. The seminar series schedule will begin in Paris 15 June, followed by London 16 June, Frankfurt 20 June and Amsterdam 22 June. Issues to be addressed in the seminars include how the existing economic environment creates dependencies between defaulting enterprises, the impact of changes in macro-economic factors on a counterparty’s credit risk and which models provide the best approximation of reality and predictability.

"As both the Basel Committee and Bank of England have noted, many proprietary risk models make simple distributional assumptions about losses that do not contain a systematic risk component," said Nigel Sirett, managing director EMEA, IPS-Sendero. "IPS-Sendero and our partners are presenting these seminars as an opportunity for financial institutions to better understand the impact of the economic cycle on their credit risk and capital modelling."

Dr. Donald R. van Deventer is the author of various publications and books including "Credit Risk Models & the Basel Accord" and "Advanced Financial Risk Management." He is also CEO of Kamakura Corporation. For more information or to register for this event, please contact IPS-Sendero in London at +44 207 388 7363. IPS-Sendero will also be in participating in the 10th European Credit Risk Conference, Credit Risk 2005, in Vienna 20-21 June, where Dr. van Deventer will be presenting on behalf of IPS-Sendero.

IPS-Sendero is a global organization providing risk and value management solutions to deliver fully integrated, enterprise risk management and risk adjusted performance management. Our enterprise risk management solutions enable financial institutions to comply with the pillars of Basel II, simulate interest rate risk on the banking book and fully test hedge effectiveness, using Monte Carlo techniques, for IAS 39 compliance. More than 3,400 financial organizations in 56 countries have licensed 7,800 IPS-Sendero products and services to help manage their risk, measure and manage profitability, develop budgets and forecasts and produce information needed for sound decision-making. IPS-Sendero’s global headquarters are in Atlanta, USA with its EMEA headquarters in London and ASPAC headquarters in Singapore. IPS-Sendero is a business unit of Fiserv, Inc. (Nasdaq: FISV).

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