SunGard Enhances Stream Fail Monitor for Mortgages and Agency Debt

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SunGard has enhanced its Stream Fail Monitor solution, part of its Stream suite of post-trade solutions, to help financial services firms comply with the expansion of the Treasury Market Practice Group (TMPG) penalties to apply to mortgages and agency debt fails.

SunGard has enhanced its Stream Fail Monitor solution, part of its Stream suite of post-trade solutions, to help financial services firms comply with the expansion of the Treasury Market Practice Group (TMPG) penalties to apply to mortgages and agency debt fails.

Under the latest TMPG recommendations, firms will be penalized for any fails related to mortgage and agency debt transactions. The fees will go into effect on February 1, 2012. The TMPG recommendations are currently limited to U.S. Government Treasury securities.

Stream Fail Monitor receives all fails from a customer’s trading systems, helping the firm identify fail trends by security and monitor counterparty risk across multiple platforms. In addition, the solution applies the appropriate penalty interest rate to fails based on the TMPG’s rules. Stream Fail Monitor also identifies receivables and payables and prepares interest claims.

John Grimaldi, executive vice president of SunGard’s North American securities operations and securities finance business, said, “As the industry looks for ways to reduce systemic risk, financial services firms need a way to quickly identify and control key sources of risk, such as trade fails. Stream Fail Monitor easily identifies fails from multiple sources across all asset classes, helping firms monitor their exposure and be ready for new industry rules.”

About SunGard’s Stream
SunGard's Stream is a suite of global, post-trade solutions for securities and derivatives. It is used in securities and financial markets firms to run their middle- and back-office operations. It also provides outsourcing of exchange and clearing interfaces and U.S. tax processing services. Stream helps financial services firms increase transparency, improve efficiency, track their activities and manage risk and exposure in real-time. For more information, please visit http://www.sungard.com/stream.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Stream Fail Monitor 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.

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Adriana Senior
SunGard
718-578-1130
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