European Credit Management Selects SunGard to Help Automate Matching and Reconciliation of Portfolios

London - 9 October 2006

SunGard today announced that European Credit Management, a specialized investment manager based in the UK, has selected intelliMATCH to help automate matching and reconciliation across its portfolios with prime brokers and fund administrators.

European Credit Management (ECM) has grown significantly over the past several years, with assets under management that currently exceed €18 billion. As it continues to grow and add new asset classes, the organization needed a reconciliation tool that could handle rising volumes and support a range of different, and in some cases complex, securities on a single platform. ECM chose intelliMATCH for its ability to manage asset classes, including the key fixed income asset classes managed by ECM: corporate bonds, CDS, bank capital, asset backed securities, emerging market debt and leveraged loans. intelliMATCH also met the organization’s requirement for scalability to support volume increases as the business continues to grow.

“In addition to flexibility and scalability, one of the key differentiators that influenced our selection of SunGard’s intelliMATCH was the solution’s ability to help ECM’s fund administrators to access relevant portfolios and funds via the Web,” commented Rob Galione, head of operations, European Credit Management.

ECM will use intelliMATCH to reconcile cash positions across its fixed income portfolios from its accounting and settlements systems with its prime brokers and custodians. The intelliMATCH Dashboard will provide ECM with a real-time view of its matching and reconciliation operations, for managers and users, quickly identifying breaks and exceptions to help reduce operational risk.

Tom King, president of SunGard’s STeP business unit, commented, “The addition of European Credit Management to our growing community of asset and investment managers highlights the industry’s trend toward automation. We look forward to working with ECM and other buy-side institutions to help streamline their transaction management processes and help them reduce operational and financial risk.”

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