FTN Financial Group Selects SunGard’s Adaptiv To Manage Derivatives Risk And Operations

New York – 26 September 2006

SunGard today announced that Memphis-based financial services provider FTN Financial Group (FTN) has selected SunGard’s Adaptiv to manage its OTC derivatives business activities with their clients.

SunGard’s Adaptiv provides enterprise wide market and credit risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to help meet both internal and regulatory requirements for risk management and operational control.

Adaptiv will provide FTN with derivatives deal capture, valuation, and risk management through to settlements, G/L and confirmations. The flexibility of Adaptiv’s reporting will also help FTN to closely analyze its portfolios, while testing and monitoring its investment strategies at all levels and across all products. Adaptiv’s technology infrastructure will ensure that the front-office and back-office functions operate independently without the need for synchronized processing functions or data transfer. As a result, specific processes required to support unique features of new trade types can be applied rapidly without requiring extensive IT resources to create a full front-to back solution.

Bill Buck, head of operations, FTN, commented, “SunGard’s Adaptiv was a logical choice for us. It will provide the different business areas with a direct fit solution. It will help enable us to trade and process in the most time and cost effective way, and will be a key to supporting our strong growth in derivatives. We are looking forward to working with SunGard and feel confident that we have chosen a team that will deliver the technology to help meet the needs of our business.”

Juerg Hunziker, president of SunGard’s Adaptiv business unit, commented, “FTN’s use of Adaptiv demonstrates the flexibility and scalability of our solution. We have been able to offer the bank a fully integrated platform to help meet its immediate trade management, processing and risk management needs as well as giving it the flexibility to extend its range of financial products in the future”.

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