China CITIC Bank Goes Live with SunGard’s Adaptiv for Straight-Through Processing and Risk Management

CHINA, February 21 2006 – SunGard Asia Pacific, an operating group of SunGard, today announced that China CITIC Bank (formerly refers to CITIC Industrial Bank), a wholly owned subsidiary of China International Trust and Investment Corporation, with assets of RMB576 billion (US $71), has gone live with SunGard’s Adaptiv solution for front- to back-office trading of its foreign exchange, money market, fixed income and derivatives businesses. Adaptiv is a leading enterprise wide credit and market risk solution that assists financial institutions achieve their internal and regulatory requirements for risk management and operational control.

The selection of Adaptiv was part of China CITIC Bank’s ambition to be a leader in China in the adoption of advanced trading and risk management practices in order to compete internationally following China’s entry into the World Trade Organization (WTO). The successful implementation of Adaptiv has enabled China CITIC Bank to be the first bank in China to implement an integrated front-, middle- and back-office straight-through processing (STP) solution, and be the first to adopt advanced risk management techniques.

Mr. Pan, general manager, China CITIC Bank, said, “The work we have been doing is pioneering in China. Adaptiv enables us to provide a tool for business analysis and support our decision-making for the front to end business and risk management thus assisting us reduce costs and improve efficiencies in this complex and volatile market.”

The Adaptiv solution will assist China CITIC Bank manage its risks associated with treasury trading by providing advance real-time position keeping, profit and loss analysis, VaR analysis and secure trade processing and deal management. Adaptiv will also enable China CITIC Bank to model a wide range of instruments and derivatives.

Adaptiv has been implemented at China CITIC Bank’s head office in Beijing within it’s financial markets department. The implementation success was the result of China CITIC Bank’s dedicated project team, as well as SunGard’s experience in Asia Pacific and ability to utilize expertise from its team based in Beijing.

“Adaptiv provides us with an integrated straight-through processing and modern risk management tools. Importantly, its flexible, extensible platform is capable of supporting our planned growth and will assist us to continue to be a leader in China’s banking industry,” noted Dr. Ouyang, executive vice president of China CITIC Bank .

John Wilson, president, SunGard Asia Pacific, said, “The successful implementation of Adaptiv at China CITIC Bank is a key milestone for SunGard as it represents our first risk management client in China. Adaptiv will provide China CITIC Bank with the tools to continue to achieve its ambition as a leader in China’s financial services. Adaptiv is innovative and established and will enable China CITIC Bank to settle and confirm a range of treasury trades. Adaptiv will perform key accounting tasks, such as general ledger entry and manage the associated risk in addition to providing straight-through processing capabilities for improved efficiencies and reduced costs. As we continue to work with China CITIC Bank we look forward to extending our relationships across China’s financial services through our team based in Beijing.”

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