REUTERS SIGNS NEW FRONT TO BACK KONDOR DEAL IN ASIA PACIFIC

12 March 2007

Following an extensive tender selection process, New South Wales Treasury Corporation (TCorp) has chosen Reuters Kondor+ and its integrated Middle and Back Office modules to support its requirements for trade and risk management.

TCorp is the central financing authority for the New South Wales public sector and a leading issuer of semi-government securities in the Australian market. TCorp is replacing their existing systems with Kondor+ to provide deal capture, risk management and straight through processing across all asset classes (including complex product structures), integrated with Reuters Kondor Global Risk for sophisticated, pre-trade credit limit management.

“Reuters demonstrated they will provide the strongest solution for TCorp’s requirements both in terms of functional coverage and thanks to its unique way of integrating with Reuters enterprise data”, says TCorp’s Chief Executive, Stephen Knight “This comes together with a strong local team with specific market knowledge and the fact that the latest version of Kondor+ Back Office is customised to suit the Australian bond market.”

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