Credit Lyonnais and SunGard Join Forces to Provide Straight-Through Processing Through SunGard's AvantGard.CALABASAS, Calif. -- SunGard (NYSE NYSE See: New York Stock Exchange :SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ) today announced that Credit Lyonnais, Group Credit Agricole (CAC See Consumer Advisory Council. : FR0000045072), has joined SunGard's AvantGard-ETX network. AvantGard-ETX provides Credit Lyonnais secure, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. cash management, treasury and execution services, including trading, borrowing and investing. Using AvantGard-ETX, Credit Lyonnais is able to seamlessly connect to a network of member financial institutions for 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 transactions and a holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine view of global cash positions. Credit Lyonnais is SunGard's first AvantGard-ETX customer in France. AvantGard-ETX will provide Credit Lyonnais with Web-based connectivity via a single window to all AvantGard-ETX participants that maintain a presence in Europe. AvantGard-ETX helps enable mutual customers of Credit Lyonnais and SunGard to report balances, transfer balances and create payments via wires, taking advantage of straight-through processing via SunGard's secure messaging network. With AvantGard-ETX, Credit Lyonnais can offer its clients that are participants of AvantGard-ETX access to their financial information, integrated in real time with their treasury management software, helping them to optimize optimize - optimisation their liquidity position. "Our strategy is to offer electronic services to our clients through their existing tools, instead of forcing them to use our proprietary bank solutions. This strategic business relationship with SunGard opens new possibilities, especially for those of our clients who are managing their cash management business from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and are already SunGard customers," said Dominique Piot, head of cash management, Credit Lyonnais. "Through AvantGard-ETX these customers can benefit from our complete range of services, without having to spend additional time and financial resources solving communication challenges, which tend to be rather complex and tedious when working with different countries within Europe," Ms. Piot added. Ken Dummitt, president of SunGard's AvantGard business unit, said, "SunGard provides global cash management and 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 , with major regional headquarters in Europe, Asia Pacific and the Americas. Our relationship with Credit Lyonnais is evidence of SunGard's commitment to increase the capacity of real-time treasury integration for our customers in Europe." About Credit Lyonnais Credit Lyonnais is one of the leading French banks, part of Credit Agricole Group, France's number one banking group. Credit Lyonnais is a global domestic banking services provider, notably proposing state-of-the-art corporate transactional product and services through an extensive nationwide network of branches. Credit Lyonnais has also developed a comprehensive range of international cash management services dedicated to multinational groups having set up a cash management in France. On top, the bank delivers cash management services in various zones through Group Credit Agricole's international network. To increase the bank's capacity to deliver extensive domestic cash management services outside France, Credit Lyonnais has also recently entered into a comprehensive partnership agreement with major banking institutions in Western and European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. countries through the Unicash alliance. Please visit Credit Lyonnais at www.creditlyonnais.com. About AvantGard AvantGard Treasury and Capital Markets solutions offer a unique technology infrastructure that provides business executives with economic alternatives to leverage efficient processing of financial transactions such as asset and liability management and high-end risk management, with the security that their major financial market risks are properly managed to a policy and reported accurately. AvantGard-ETX is a real-time messaging network that seamlessly connects existing technologies within the enterprise to those of third party systems to provide corporate customers a secure and reliable end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. process. Transactions flow securely through AvantGard-ETX, helping to provide straight-through processing and end-to-end integration with the corporate treasury management system. About SunGard SunGard is a global leader in integrated software Separate software components or applications that have been combined into one package. See integrated software package. and processing solutions, primarily 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 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 and AvantGard 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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