Spain’s CECA and 16 Member Savings Banks Select SunGard’s BancWare for Balance Sheet and Data Management

London, UK - 3 January 2007

SunGard today announced that sixteen Spanish savings bank members of the Madrid-based Confederación Española de Cajas de Ahorros (CECA) have selected SunGard’s BancWare for integrated interest rate risk and data management. With the addition of these banks as customers, SunGard’s BancWare will manage a total of €1.7 trillion in assets across the balance sheets of thirty-two banks in Spain.

In response to a recent call by the Bank of Spain for all Spanish banks to improve their balance sheet management to comply with the Basel II framework, CECA instigated a selection process for a balance sheet risk management tool that resulted in the acquisition of SunGard’s BancWare by seventeen of its member institutions.

BancWare will help the savings banks to more effectively manage interest rate, foreign exchange and liquidity risk by providing static and dynamic ALM modeling. BancWare will also help the banks to better understand the impact of market changes and customer behavior on the balance sheet and earnings statement, and to make business decisions that help improve their risk/return profile. BancWare further provides specific functionality for hedge accounting, carry amount calculations and earnings and capital simulation in compliance with IAS39 accounting regulations.

CECA is the Spanish Association of Savings Banks consisting of 46 members. It represents its member Savings Banks in front of public authorities both nationally and internationally and provides financial and other services to them. CECA also operates as a savings bank in its own right, with €10.5bn in assets, and will also use BancWare to help it to manage the interest rate, FX and liquidity risk of its balance sheet.

Julián Fernández Antón, head of Middle Office and Methodology for CECA, said, “Following the Basel II principles for interest rate risk management, many savings banks in Spain were found to have an opportunity to improve their ALM analysis. As a result, CECA decided to coordinate a selection process to find the most suitable solution for its member banks, to help them to advance their interest rate risk management and comply with the regulatory framework required by the Bank of Spain and the Basel Accord. As a result SunGard´s Bancware has been chosen as the best solution to meet the selection criteria.”

Terence Faherty, president of SunGard’s BancWare business unit, said, “The fact that CECA and sixteen of its member savings banks have selected SunGard’s BancWare for ALM demonstrates our reliability in helping banks around the world to meet stringent regional regulatory and risk management requirements. Our ability to provide on-time, on-budget implementations of BancWare, our industry expertise, Spanish-speaking resources and our close relationship with Madrid-based partner, InterMoney, are helping banks in Spain to meet their balance sheet and regulatory risk management challenges.”

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