Australian Office of Financial Management Selects SunGard for Treasury and Risk Management.Business Editors CALABASAS, Calif.--(BUSINESS WIRE)--June 4, 2002 SunGard Treasury Systems, an operating group of SunGard (NSYE:SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ), today announced that SunGard's Quantum solution has been licensed by the Australian Office of Financial Management (AOFM AOFM Australian Office of Financial Management ), Australia's sovereign debt issuer, for its debt, cash and risk management operations. SunGard's Quantum solution will provide the AOFM with straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. of its front-, middle- and back-office accounting, reporting capabilities, debt management, risk forecasting and international compliance. Areas within the department using the new system include: Treasury Services Treasury services is a function of an investment bank which provides transaction, investment and information services for chief financial officers, treasurers. Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as , Strategy and Advisory, Risk Policy and Compliance, Operations and Finance. The relationship with AOFM enhances SunGard's presence in both the Australian government sector as well as the Australian and Asia-Pacific financial markets. "SunGard is proud that such a pre-eminent institution as the AOFM has selected Quantum," said Ken Dummitt, president, SunGard Treasury Systems. "The selection of a treasury system is a strategic decision with long term implications," said Mr. Dummitt. "SunGard's commitment to investment in client support and research and development provides clients like the AOFM the security to select a product on which they can rely both now and in the future. We believe these things "These Things" is an EP by She Wants Revenge, released in 2005 by Perfect Kiss, a subsidiary of Geffen Records. Music Video The music video stars Shirley Manson, lead singer of the band Garbage. Track Listing 1. "These Things [Radio Edit]" - 3:17 2. are just as important as system functionality," Mr. Dummitt said. About Australian Office of Financial Management (AOFM) The Australian Office of Financial Management (AOFM) was established on July 1, 1999, as a prescribed agency within the Treasury portfolio under the Financial Management and Accountability Act There are a number of piece of legislation known as the Accountability Act:
About SunGard Treasury Systems SunGard Treasury Systems (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) is a leading supplier of treasury and risk management solutions. STS solutions offer Internet/intranet-based currency and commodity trading and risk management, while also integrating cash management and accounting functionality (including FAS 133 compliance) within a single environment. SunGard solutions provide a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers offering the straight- through processing of treasury transactions and information via Internet messaging. More than 1,200 STS clients worldwide, including over half of the Fortune 100, are using an installed SunGard system and hundreds more utilize the company's ASP offerings. About SunGard SunGard is (NYSE NYSE See: New York Stock Exchange :SDS), a global leader in integrated IT solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's largest 50 financial services institutions. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo and Quantum 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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