Clearstream International Selects SeeBeyond as It Responds to Increasing Market Demand for Centralized Securities Processing.

Business Editors/High-Tech Writers

REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Nov. 28, 2001

SeeBeyond Delivers Fastest Throughput Ever Measured

When Processing Complex ISO15022 SWIFT Messages

SeeBeyond (Nasdaq:SBYN), a leading global provider of eBI solutions, today announced that Clearstream International, a leading international clearing and settlement organization, has selected SeeBeyond's flagship product, e*Gate(TM) Integrator, as its enterprise standard to process the ISO15022 securities messages to enable continuous settlement processing and handle increasing volumes of transactions resulting from market growth.

As the leading international clearing and settlement organization in Europe, Clearstream International offers comprehensive services for both domestic and cross-border bond and equity trading, as well as investment funds. It currently has more than EUR 7 trillion in assets in custody and expects to handle in excess of 150 million transactions this year. Its shareholders consist of the world's major financial institutions. Responding to increased market demand for centralized securities processing, Clearstream created a pan-European clearinghouse and with its new highly scalable I/T architecture complemented by SeeBeyond, is now able to process the increasing volumes of transactions as national and international Central Securities Depositories in Europe seek to join.

Lamy, executive director of Application Development Information for Clearstream said, "Our aim is to develop new products and services with reduced time to market. We will use e*Gate Integrator to deliver continuous reporting to our customers, to receive instructions from our customers, and to exchange information with different domestic markets. Key criteria in selecting a strategic integration platform included flexibility to meet new business requirements, secure flow of data within robust systems and scalability to handle growing volumes. SeeBeyond satisfied these."

Clearstream Services is delivering a single I/T system for clearing, settlement and custody, based on state-of-the-art technologies. To prove SeeBeyond could handle the large volumes required, competitive benchmark tests were conducted at the Sun Microsystems laboratory in Paris. SeeBeyond reached the overall target throughput, while also reporting the fastest throughput among the selected vendors. Such a benchmark included analysis, complex transformation and synchronous database access for ISO15022 SWIFT messages. The results were achieved using SeeBeyond's packaged functionality, without any unique customization.

"The move towards centralized clearing and settlement is fundamental to reducing both cost and operational risk. This is becoming increasingly important as financial institutions are seeing SWIFT integration as part of an overall strategic enterprise-wide solution -- integrating with other standards such as FIX, as opposed to a tactical point solution with the consequent future challenges," said Jean-Pierre Roux, vice president of Southern Europe for SeeBeyond. "For financial leaders, system scalability is critical. As we have proven yet again, now with the Clearstream evaluation, SeeBeyond is by far the most scalable integration solution for financial institutions available today."

Gilbert Swinkels, Partner, Capco, the first services and technology solutions provider exclusively focused on the financial services industry, commented, "Time to market through increased processing efficiency and capacity are business imperatives for Clearstream. This requires Straight Through Processing, with end-to-end seamless integration for transaction processing. SeeBeyond's industrial strength engine is capable of handling massive volumes, as proved during the benchmark, and this makes it a good choice for top-tier financial institutions."

SeeBeyond is the platform of choice for major global financial institutions such as ABN Amro Bank, Banca IMI, BNP Paribas, Commerzbank, Credit Agricole, Fidelity Investments, Fuji Bank, HypoVereinsbank, KBC, Nicholas Applegate Capital Management, Northern Trust, UBS and WestLB.

About SeeBeyond and Capco

SeeBeyond and Capco maintain a strategic marketing partnership to serve financial services firms in their Straight Through Processing (STP) efforts.

About SeeBeyond and the SWIFTReady Program

SeeBeyond is a SWIFTReady Gold partner with its e*Gate Integrator platform. The SWIFTReady program awards gold and silver labels to vendor applications that are SWIFT compliant, integrate efficiently in a SWIFT environment, increase traffic automation and improve straight through processing.

About SeeBeyond

As the leading global provider of eBI(TM) solutions, SeeBeyond (Nasdaq:SBYN) enables the seamless flow of information within and among enterprises in real time. The SeeBeyond eBI Suite offers a rapidly deployable and infinitely scalable infrastructure for seamless application integration, dynamic business-to-business connectivity and robust business processes optimization. SeeBeyond has more than 1,580 customers worldwide, including ABB, ABN Amro, Barnes & Noble.com, Bausch & Lomb, BHP Billiton, DuPont, Florida Power & Light, Fluor Daniel, General Motors, Hewlett-Packard, Pfizer and Sprint. Key global business and technology consulting partners include Accenture, EDS, Computer Sciences Corporation, Cap Gemini Ernst & Young, KPMG Consulting and PricewaterhouseCoopers. Software partners include BroadVision, Oracle, Retek, SAP and Siebel Systems.

SeeBeyond has global headquarters in Monrovia, Calif. and sales and marketing headquarters in Redwood Shores, Calif. For more information, please visit www.seebeyond.com.

Note to Editors: eBI and e*Gate are trademarks of SeeBeyond Technology Corporation. All other trade names are trademarks of their respective owners.