SunGard Expands Collateral Management Service

    Business Editors/Technology Editors

    NEW YORK & LONDON--(BUSINESS WIRE)--May 3, 2005--SunGard (NYSE:SDS) today announced that JPMorgan has selected SunGard's Adaptiv Collateral solution to underpin its new OTC derivative collateral management service, which will be launched this summer. JPMorgan will use SunGard's Adaptiv Collateral solution to service institutional clients across 14 countries and will market the service in conjunction with SunGard.
    SunGard's Adaptiv Collateral solution, aimed at investment banks, hedge funds, investment funds, insurance companies and corporate treasury departments, will be delivered using an Application Service Provider (ASP) model, hosted by SunGard Availability Services, thereby helping to deliver immediate and ongoing cost savings in system administration, personnel and IT equipment to JPMorgan. SunGard's Adaptiv Collateral solution will likewise help institutional clients outsourcing their derivatives collateral management and non-core hedging and trading activities to JPMorgan to enjoy immediate cost savings and the ability to focus on key competencies.
    Murray Brown, product head for Derivatives Collateral Management at JPMorgan Worldwide Securities Services, said: "JPMorgan is a significant player in both collateral management and the OTC market. Our new OTC derivatives collateral management service will help provide increased efficiencies for our clients. We expect particular interest from the buy side of the OTC derivatives market where participants seek to outsource the non-core parts of their trading and hedging activities. Having the best collateral management system is integral to the success of this service."
    Juerg Hunziker, president of SunGard's Adaptiv business unit, said, "I am delighted that JPMorgan has selected SunGard Adaptiv and entered into an agreement to jointly market its OTC derivatives collateral management service with SunGard. This arrangement helps JPMorgan to concentrate on providing a world class derivatives collateral service to its institutional clients, while helping to strengthen SunGard's position as one of the world's leading providers of outsourced solutions to the financial services industry."
    SunGard Adaptiv's Collateral solution helps investment banks to maximize trading opportunities for their clients through accurate and timely updating of limits. Trading can continue between the bank and its counterparties where it may otherwise have broken down, while equalizing disparities in creditworthiness. The solution is designed for global use across multiple sites. In addition, Adaptiv Collateral helps any number of OTC derivative agreements to be established between the same two signatories, and for these to be governed by any one of the legal documentation types registered in the system.

    About Adaptiv

    SunGard Adaptiv is a trading and risk management solution available on a single technology framework, designed to enable buy- and sell-side institutions to implement technology tailored to their specific needs. The solution can be configured to provide real-time, portfolio analysis, desk level risk management and processing, as well as enterprise-wide credit and market risk management. www.sungard.com/adaptiv

    About SunGard

    SunGard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. 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 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 and Adaptiv 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 Charlotte James, +44 (0)207 337 1934 Fax: +44 (0)207 337 6010 charlotte.james@risk.sungard.com

KEYWORD: NEW YORK UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE MARKETING AGREEMENTS SOURCE: SunGard

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