SunGard's Phase3 Integrates XSP Corporate Actions Platform in Hosted Environment

SunGard has integrated XSP's global corporate actions software capabilities with SunGard's Phase3 multi-asset, multi-currency securities processing solution in a SunGard-hosted application service provider (ASP) environment.

Burlington, MA (Vocus) November 24, 2008 -- SunGard has integrated XSP (http://www.xsp.com/)'s global corporate actions software capabilities with SunGard's Phase3 (http://www.sungard.com/phase3) multi-asset, multi-currency securities processing (http://www.sungard.com/financial/default.aspx?id=82) solution in a SunGard-hosted application service provider (ASP) environment. SunGard will provide customers with Web-based access to the XSP v5 corporate actions platform. The integration with Phase3 will help improve straight-through processing and help reduce the cost and complexity of global corporate actions processing.

Corporate actions processing is complex, involving 80 corporate event types including mergers, spin-offs, stock buybacks, name changes and bankruptcies, as well as income events such as dividends, interest payments and called bonds. A single corporate action event can dictate mandatory or voluntary action with multiple options, requiring operations staff and securities processing systems to deal with position changes, settlement and distribution. At the same time, financial institutions continue to seek ways to mitigate costs, control risk and improve efficiencies in an increasingly challenging and volatile economic environment. SunGard's Phase3 integrated with the XSP platform provides an automated straight-through process for corporate actions that helps customers reduce the cost of hardware, support and maintenance as well as helping simplify their processing environments.

Brendan P. Farrell, Jr., chief executive officer at XSP, said, "The seamless integration of the XSP v5 platform with Phase3 will help SunGard customers to automate their corporate actions processing and mitigate risk in this area, while also helping them to more effectively achieve day-to-day operational goals."

Gerry Murphy, president of SunGard's brokerage and clearance business, said, "By integrating the XSP solution with SunGard's Phase3 in a hosted environment, we can offer customers greater flexibility and efficiency as well as reduced cost and fewer errors. This will help customers control the operational risks associated with processing corporate actions, and help them streamline the reconciliation of events and changes in positions and settlement. This solution is suited to large retail broker-dealers, as well as financial institutions that wish to use multiple sources of vendor data and require global corporate actions processing."

The XSP v5 platform helps automate the processing of global corporate actions. XSP has re-engineered its platform using Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilizing Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant.

About XSP

XSP is a leading provider of corporate actions automation software for the global financial services industry. Accredited with the SWIFTReady Corporate Actions Label, the XSP platform is ISO 15022 compliant and proven to mitigate the operational risks and costs associated with corporate actions processing. This leading-edge solution features an extensive workflow module and robust data management tools. XSP's Web-based eTRAN and ISO messaging modules automate the client notification and response capture and reconciliation of elections on complex corporate actions events. The XSP Entitlement Management module completes the corporate actions processing lifecycle for true end-to-end straight-through processing. With 60 global clients, the XSP software is the most widely-implemented corporate actions solution in the world. XSP is a Microsoft Gold Certified Partner and has achieved a Microsoft Competency in ISV/Software Solutions. For more information, please visit us at www.xsp.com.

About Phase3

Phase3 is a real-time, order-to-settlement global securities processing solution supporting retail and institutional broker-dealers, ECNs and correspondent clearing firms. Phase3 helps organizations automate securities processing, helping to reduce the delays and errors associated with manual interventions and helping to efficiently accommodate large trade volumes. It also assists customers in consolidating their records by enabling them to process all securities types on a single platform, using a single database, including equities, fixed income, mutual funds, and annuities.

About SunGard

With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 25 countries, including the world's 25 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Phase3 are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

For more information, contact:

Adriana Senior

SunGard

Tel: 718-578-1130

http://www.sungard.com

XSP

Wendy Chan

Tel: 646-300-6803

http://www.xsp.com/

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