POINT NINE FINANCIAL TECHNOLOGIES ANNOUNCES FULL INTEGRATION FOR CREDIT DERIVATIVES WITH PRIME BROKERS AND FUND ADMINISTRATORS

17 April 2007

The integration between an institution and its various third parties eliminates the heavy manual overhead and operational risk normally involved in reporting and reconciling positions leaving the institution free to concentrate on trading.New trades, corrections to existing trades, or novation events are captured in FinanceBelt through the web interface. Appropriate reports are then generated and sent to prime brokers, DTCC and fund administrators. Detailed cash flow reports tracking fee payments, upfront fees, termination/assignment fees, dividends and coupons are also generated for reconciliation with the various third parties and counterparties. "We have always ensured FinanceBelt can capture all the information an institution could ever need and can output it in exactly the format required by outside parties. The easy integration with prime brokers, DTCC and fund administrators is another example of the advantage offered to our clients by this universal approach" comments Len Fricker, Business Development Director of Point Nine.

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