Rio Tinto successfully implement eTC from City Financials in Melbourne and London

1 November 2007

City Financials are pleased to announce that Rio Tinto have gone live with the eTC treasury management software in its London and Melbourne treasury centres.

Replacing the previous TMS, Rio Tinto will use eTC to provide a single treasury management platform with real-time access from both Melbourne and London. The system will improve the group’s straight-through-processing with extensive links to bank reporting, EFT, online dealing and confirmation matching systems, whilst integrated workflow delivers full IAS 39 functionality and ensures a strict control framework and Sarbanes Oxley compliance.

Kelly Scammell, director at City Financials, commented "We are very pleased to have worked closely with Rio Tinto over the last five months and to have successfully completed the initial project across both Melbourne and London operations on-time and on-budget. We now look forward to continuing to work with the Rio Tinto treasury team to take full advantage of the new functionality and efficiencies available."

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