National Australia Bank Goes Live with SunGard's Adaptiv for Global R

    Business Editors/Technology Writers/Financial Editors

    AUSTRALIA--(BUSINESS WIRE)--March 8, 2005--SunGard Asia Pacific, an operating group of SunGard (NYSE:SDS), today announced that National Australia Bank (NAB), a leading international financial services group, has gone live with SunGard's Adaptiv for management of its global credit limits.
    NAB is able to centrally store credit information using Adaptiv, helping risk personnel to monitor global exposures against limits and manage exceptions on a real-time basis. NAB will also use Adaptiv to help improve its violation management and workflow, and help improve management and control of credit policies whilst reducing operating costs and minimizing risk.
    David Kerr, head of strategic development, Credit Risk Management, at NAB, said, "The implementation of Adaptiv has provided us with an integrated framework to monitor our global limits in real time and respond to trade-related activity. Adaptiv helps us to satisfy within seconds traders' requests for pre-deal limit checking and to send warnings and credit line availability levels back to the traders in real time. This means we can now proactively manage our global credit risks."
    The Adaptiv implementation provided NAB with a low-risk, low-cost option. Adaptiv has been implemented successfully across the globe. NAB is hosting Adaptiv centrally, with SunGard providing remote management facility services to monitor the solution and provide access across the bank's global sites. SunGard's expertise in Asia Pacific and strong presence in Australia helped it assemble an experienced project team.
    "NAB is building technology partners, vendors with which we can develop a strong, enduring relationship and that can service the needs of the group. SunGard fits this bill and the Adaptiv solution is proven. Adaptiv is innovative and established, and provides us with the platform for continued implementation of our risk management strategy and the tools to help us increase our operational efficiencies," said Craig Bright, chief information officer, Institutional Markets & Services, NAB.
    John Wilson, president, SunGard Asia Pacific, said, "The implementation of Adaptiv provides NAB with a seamless workflow environment to gather and aggregate data with improved efficiency and consistency. Regulatory and economic pressures are forcing banks to more efficiently manage and allocate capital. Adaptiv provides NAB with the tools to help achieve this and remain competitive on a global scale. The strength of SunGard means that banks can work with a global leader, with extensive experience and a broad range of solutions."
    NAB is also using SunGard for credit derivatives management. Additionally, it uses SunGard's MINT for SWIFTNet connectivity, COMPASS for superannuation processing, intelliMATCH for reconciliations and intelliSTOR for the storage and retrieval of reports.

    About National Australia Bank

    National Australia Bank (NAB) is an international financial services organisation that provides a comprehensive and integrated range of financial products and services.
    The Group is organised around three regional businesses in Australia, Europe and New Zealand. These regions include the retail bank brands, National Australia Bank (Australia), Bank of New Zealand (New Zealand), Yorkshire Bank, Clydesdale Bank (United Kingdom), Northern Bank (Northern Ireland) and National Irish Bank (Republic of Ireland).
    NAB also includes Wealth Management and transactional and custodial operations. In addition, we have a global business in Institutional Markets & Services, which focuses on debt, risk management and investment products for corporate and institutional customers.

    About SunGard Asia Pacific

    SunGard Asia Pacific combines the global presence and strength of SunGard with local market knowledge and expertise. Dedicated staff members in 12 offices in 9 countries across the region are committed to providing exceptional service, leading-edge technology and integrated solutions to the Asia Pacific financial services community. Serving over 400 customers in Asia Pacific, its key principles rest on quality service and support.

    About SunGard

    SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
    Trademark Information: SunGard, the SunGard logo, Adaptiv, COMPASS, intelliMATCH, intelliSTOR, and MINT are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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CONTACT: SunGard Asia Pacific Lisa Hall, +61 8 9463 3230 Fax: +61 8 9325 3204 lisa.hall@sungard.com

KEYWORD: PENNSYLVANIA AUSTRALIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE MARKETING AGREEMENTS SOURCE: SunGard

Copyright Business Wire 2005