ABN AMRO Bank -North America- Launches FXpro, a Single-Solution Web Portal for Foreign Exchange.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--Nov. 13, 2000

At cash management conference AFP 2000, ABN AMRO Bank (North America) today launched FxPro(SM), a secure, single sign-on Web-based portal that provides access to one or several real-time foreign exchange applications. With FxPro, North American mid-cap and large corporates, as well as financial institutions, can access online services for deal execution, settlement instructions, research and reporting. FxPro employs straight-through processing, so transactions executed both on or off the Internet can be accessed for reporting and settlement purposes.

FxPro combines the ease and immediacy of delivering data via the Internet with global expertise and information from ABN AMRO. Customers can initiate and track foreign exchange transactions from initiation through maturity and easily view transaction details and online reports.

"FxPro was developed expressly to meet our North American clients' desires for an online foreign exchange medium," explained John Nelson, global head of foreign exchange, ABN AMRO Bank. "With FxPro, clients choose the applications that are appropriate for their needs and deal in a straight-through processing environment. By providing customers with anytime, anywhere access to a wealth of economic and foreign exchange research, real-time exchange rates and transaction details, ABN AMRO gives customers a fast, reliable and effective way to mitigate risk and manage their positions around the world."

FxPro was developed in-house with the assistance of a dedicated e-commerce group. Lee Kachroo, e-commerce group head, ABN AMRO Bank, explained, "Our mission is to create e-commerce solutions that are client-focused for each business unit."

FxPro has broad functionality to help treasurers execute transactions, manage and share data, and access research. Specifically, FxPro offers customers the following features:

-- Online execution and settlement - FxPro's trading feature (FxPay(SM)) allows
the execution and settlement of foreign exchange transactions in a fully
interactive, straight-through processing environment, with the ability to
execute spot, swap and forward trades against the U.S. dollar, choose payment
vehicles, facilitate split payments and view both online and offline trades.

-- Secure electronic file translation - The trade interface load tool
(TILT(SM)) translates electronic files with foreign exchange transaction
information, in a wide number of file formats, and then uploads the file for
processing by ABN AMRO.

-- Back office reporting - FxPro's back office reporting feature provides
updated account information on trades and settlement. This feature allows
customers to build and save customized reports, making it easy to view
outstanding transactions and download data for further analysis.

-- In-depth research - ABN AMRO's proprietary research features up-to-date,
24-hour research on regional and global treasury, fixed income and economic
conditions from ABN AMRO analysts around the world, with new research available
via e-mail alerts.

In addition to the Web-based foreign exchange services offered as part of FxPro, ABN AMRO is an integral partner in a number of online multiple bank currency exchange initiatives. ABN AMRO is a liquidity provider in Currenex, the first independent foreign currency exchange that offers CFOs, treasurers and fund managers a comprehensive foreign exchange solution. In addition, ABN AMRO, along with other leading global foreign exchange banks, is a founding member of Atriax, an electronic marketplace for foreign exchange products and related services.

FxPro is part of ABN AMRO's overall effort to build global B2B e-commerce solutions that greatly simplify the movement of goods and funds, reduce trade financing and management costs, mitigate risks, and give companies unprecedented control over their treasury. Throughout the year, ABN AMRO has announced new solutions and partnerships in the B2B arena, including initiatives to provide identity verification, credit authorization and e-procurement services for global B2B e-commerce marketplaces and exchanges.

Netherlands-based ABN AMRO Bank N.V. is one of the world's largest banks with total assets of $511 billion and more than 3,500 locations in over 70 countries and territories. In North America, ABN AMRO is headquartered in Chicago and has $171 billion in assets and more than 18,000 employees with wholesale banking offices in 13 cities in the U.S., Canada and Mexico. Major North American subsidiaries include ABN AMRO Incorporated, an investment banking, advisory and brokerage firm; ABN AMRO Asset Management (USA) LLC; LaSalle Bank in Chicago; Standard Federal Bank in Michigan and EAB in New York.

FxPro, FxPay and TILT are service marks of ABN AMRO North America, Inc.