Commerzbank to Reap STP Efficiencies after Final Migration to Rolfe & Nolan

Addition of Alerts Direct will enable High Performance Risk Assessment and Transaction Management

Frankfurt and London, 29th June 2005. Rolfe & Nolan today announced that Commerzbank has completed the migration of its F&O processing business, allowing it to now handle its listed derivatives administration solely via Rolfe & Nolan. Bob Freeman, chief executive, said: "The accomplishment of this final phase marks the end of our implementation across Commerzbank’s futures and options product areas. Commerzbank are a much-valued customer, who last year extended their contract with us to 2010. We look forward to further developing and deepening this important relationship."

"Now that the migration is 100% complete we can harness the full range of STP possibilities”, said a representative of Commerzbank". Leading banks in today’s highly competitive commercial environment need to be adaptable and able to innovate when they handle their customers’ business. Rolfe & Nolan’s solutions enable us to do this. The completion of this phase gives us a solid foundation for the further development of the business."

Separately, Rolfe & Nolan also announced at Derivatives and Securities World in London that Commerzbank has signed up for Alerts Direct, its new high performance risk assessment and transaction flow management tool. Complementing Commerzbank’s continued push in the German non-clearing member market, Alerts Direct will enable the bank to calculate margin shortfall, monitor a wide range of limits (e.g lots, loss, credit), and generate portfolio values in real time. Commerzbank has highlighted relevant and up-to-date information as one of the cornerstones of its clearing service to the professional market.

Built using ‘next generation’ Merlin technology - modular, batch-free, exception based - Alerts Direct can operate with any back office system and delivers a comprehensive suite of workflow tools, audit trails and historical information for MIS reporting across multiple instruments. Alert messages can be routed via SMS, email or message queuing into company-wide risk management systems.

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