DOCUMENTUM Introduces DocSolution for Swaps and Derivatives; New DocSolution Increases Financial Market Back Office Productivity and Helps Reduce Operational Risk.

PLEASANTON, Calif.--(BUSINESS WIRE)--Oct. 6, 1997-- DOCUMENTUM(R) Inc., (NASDAQ:DCTM), the leader in document management solutions for client/server and Web environments, today introduced a comprehensive solution for automating the generation and management of swaps and derivatives in investment banks and brokerages.

The DOCUMENTUM DocSolution for Swaps and Derivatives combines the DOCUMENTUM Enterprise Document Management System(TM) (EDMS) with industry "best practices" based on extensive research with leading worldwide brokerage firms.

The DocSolution takes full advantage of DOCUMENTUM's secure, reliable and proven EDMS architecture to provide the range of functions needed by back office operation for financial firms to quickly implement automated confirm generation and management. The DocSolution also includes consulting services tailored to a firm's specific operational requirements.

The growth in Over the Counter (OTC) trading in equity, fixed-income and commodity derivatives has led to increasing pressure on the back office to keep pace with the volume of trade transactions in the front office. Against a background of declining margins and fewer back office personnel, firms have not effectively automated their back office processes. Time-consuming, error-prone processing of confirms, coupled with high staff turnover can result in increased exposure to risk and fines for non-compliant trading.

"Investment banking has become an increasingly competitive and regulated global business," said David Yockelson, vice president of The META Group. "Capturing knowledge about trading compliance and minimizing the operational risk associated with managing complex documentation are challenges facing the financial services industry.

"DOCUMENTUM provides a foundation for companies to develop processes and services specific to their individual vision and market focus with the DocSolution for Swaps and Derivatives."

Improved Back Office Productivity

The DocSolution for Swaps and Derivatives streamlines the preparation, processing and maintenance of back office documents to meet the time constraints of OTC trading regulations. With the DocSolution, confirms can be created directly from the trading system, including those for complex OTC derivatives transactions, or from paper tickets scanned into the system.

Confirms are automatically routed through the appropriate approval process, which may involve the back office, legal and risk management departments and the trader, directly through to the counterparty. Once a confirm is returned, it is automatically matched to the trade file for that account.

Dresdner Bank comments on the implementation of the DocSolution. "Dresdner Bank AG is participating in the DocSolution for Swaps and Derivatives beta test with the goal of using the DocSolution to generate and manage all OTC derivatives trade confirmations," said Jens-Christian Henke, of Dresdner's IT-Trade, OTC-Derivatives Department.

The DocSolution for Swaps and Derivatives significantly increases the number of agreements they are able to process by: -0-

-- Automating tasks;

-- Revising approved paragraphs and clauses;

-- Managing and routing changes;

-- Maintaining confirms according to the exact specifications of the International Swaps and Derivatives Association (ISDA). -0-

Reducing Operational Risk

The DocSolution has been designed to manage and reduce operational risk by helping the back office meet increasingly stringent regulations. The DocSolution ensures that only approved information is used to generate confirms. The system automatically manages documentation approvals according to a firm's proven internal processes and client's expressed requirements.

For instance, it tracks who approved the change, what comments were made and when approval was granted. Drawing upon the DOCUMENTUM EDMS' sophisticated security controls, firms also can designate who has permission to see or change parts of or entire documents.

Counterparty Communication

The DocSolution takes full advantage of the DOCUMENTUM EDMS' Web capabilities to create new opportunities for sharing information in a secure, controlled way. In addition to traditional, mandatory fax communications, the DocSolution allows firms to use corporate intranets and extranets to connect internal users with counterparties and other investment banks.

"DOCUMENTUM's strategy of helping organizations accelerate their business-critical initiatives by providing industry best practices and tailoring them for individual companies is successful because of time-to-market and customer satisfaction opportunities. DOCUMENTUM's focus on the financial, process and discrete manufacturing industries is allowing us to deliver comprehensive solutions needed in these markets," said Robert Reid, vice president, Industry Solutions Group.

About DOCUMENTUM

DOCUMENTUM (http://www.documentum.com) develops, markets and supports a family of enterprise document management products that improve the effectiveness of the organization based on a company's business-critical information and proven processes.

Headquartered in Pleasanton, California, DOCUMENTUM sells its products and services worldwide through a direct sales force, systems integrators, and affiliated distributors. DOCUMENTUM is the recognized leader in the document management market, with global customers in the pharmaceutical, process manufacturing, computers/electronics, and finance industries.

Availability

DocSolutions are developed by DOCUMENTUM's recently established Industry Solutions Group, which develops customized solutions for vertical markets. The DOCUMENTUM DocSolution for Swaps and Derivatives is available now. For information on pricing, call 888/DOC-EDMS ext. 100 or 510/225-9421 ext. 100, or visit our Web site at http://www.documentum.com . -0-

Note to Editors: DOCUMENTUM and the DOCUMENTUM Enterprise Document Management System are trademarks of DOCUMENTUM, Inc. and may be registered in certain jurisdictions. All other company and product names are used for identification purposes only and may be trademarks of their respective owners.

CONTACT: DOCUMENTUM, Inc.

Sharon McNeill, 510/463-6800

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or

Niehaus Ryan Group, Inc.

Diane Whitlow, 650/827-7077

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