AB Stena Finans Selects SimCorp's IT2

28 September 2006

Stena Sphere is a large Swedish privately owned group with a turnover of €5 Bn. Their primary business area is shipping (ferries), scrap metals, real estate and investments. AB Stena Finans is the treasury and asset management entity for the whole Stena Sphere organisation.

The Stena Finans treasury operations include Cash and Liquidity Management, FX
and Interest Rate Hedging, Financing (including the management of a large portfolio of ships and real estate) and Asset Management. Stena Finans has its group treasury in Gothenburg and operations in Switzerland, Luxembourg, the Netherlands, and the UK.

After an extensive selection process, Stena Finans found IT2 to be flexible and fully
integrated, strong in treasury reporting, and user-friendly.

"Stena Finance was looking for a single system that could cater for all treasury and
asset management instruments exploited by Stena Finans, with IT2 we found just such a system from a vendor who gave us confidence they would deliver.” said Torbjörn Sandblom, Project Manager at Stena Finans. He added, “SimCorp's reputation in the market added to our belief that we have found the right partner for the future ".

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