Mercator Undertakes New SWIFT ISO 15022 Projects, Continues Leadership in Financial Services Integration.Business Editors/High-Tech Writers WILTON, Conn. & LONDON--(BUSINESS WIRE)--Feb. 27, 2003 Over Two-Dozen 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. Institutions Use Mercator to Comply with SWIFT Initiative Mercator Software, Inc. (Nasdaq:MCTR MCTR Missile Technology Control Regime mCTR Murine Calcitonin Receptor MCTR Medical Center for Translational Research (Osaka University Hospital, Japan) MCTR Mackinac Transportation Company ), today announced two new customer contracts to provide compliance capability for the SWIFT organization's new ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 15022 securities message format. Two leading UK-based financial services companies - the wholesale and retail bank Helaba, and asset manager First State Investments - will use Mercator InsideSWIFT(TM) to enable the new ISO 15022 message format for sending and receiving securities transactions. All financial institutions handling securities messages through the SWIFT network must be able to send and receive the new ISO 15022 message format by May 31, 2003. The ISO 15022 message format will improve straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) rates by enhancing the quality and speed of data throughout the securities transaction and settlement processes. In addition to enabling ISO 15022 capability, Mercator InsideSWIFT(TM) provides functionality to help financial institutions meet the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. established by the Securities Market Practice Group (SMPG SMPG Securities Market Practice Group SMPG Seat Miles Per Gallon ) outlining country and custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. specific standards for cross-border settlement. Mercator InsideSWIFT(TM) helps financial institutions meet both the new ISO 15022 and SMPG standards without the costly and time-consuming need to re-engineer back-office systems. The Mercator(R) solution is based on proven market-leading integration technology for financial services. Mercator leverages existing information technology without complex systems changes, enabling the fast and efficient compliance with government mandates and industry standards. First State Greg Cooper Greg Cooper was an Indianapolis (United States) radio personality from 1983 to 1993. He was the last voice heard on Indianapolis radio station WNAP prior to its call letter change to WEAG in 1986. , Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at First State said, "Mercator InsideSWIFT(TM) has helped us reduce operational risk across dealing settlement systems by creating efficient and consistent messaging." Mercator is enabling asset manager, First State in the UK to transform settlement instruction messages into the new SWIFT ISO 15022 message format. Proprietary outbound settlement instruction messages from Hi-Portfolio, an asset management system, will be converted into the SWIFT ISO 15022 format, while inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound ISO 15022 compliant custodian settlement notification messages are converted into the required proprietary format. Helaba Richard Chester, Systems Development Manager at Helaba commented, "Mercator has enabled us to quickly implement a solution to conform with the ISO 15022 standard." Helaba, a wholesale and retail bank headquartered in Frankfurt, has selected Mercator to provide ISO 15022 SMPG compliant messaging for 6 markets including UK, Italy, France and Spain. The Mercator solution will enable message transformation to support the new ISO 15022 message format and will integrate their securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the back-office system GLOSS with the SWIFT Network. Using Mercator means Helaba will be able to send the new securities message format. Thracy Varvoglis, Senior Vice President of the Industry Solutions Group at Mercator commented on the announcement: "Our SWIFT ISO 15022 work for Helaba and First State brings the total number of clients using Mercator to address this industry initiative to 25 and is testament to Mercator's unrivalled experience in ISO 15022 migration. By virtue of our experience and our close relationship with SWIFT we are uniquely positioned to assist these organizations." Mercator Is the Solution of Choice for Leading Financial Services Organizations Mercator is a proven leader in financial services. $100 billion of SWIFT traffic goes through Mercator daily; 40% of London securities transactions are powered by Mercator; eight of the 12 GSTPA GSTPA Global Straight Through Processing Association pilots that chose a vendor solution selected Mercator; and 100 international banks, 70 investment managers, 40 broker dealers and 10 global custodians
The Custodians is terminology in the Bahá'í Faith, which refers to nine Hands of the Cause assigned specifically to work at the Bahá'í World Centre in attendance to the Guardian of the Faith. rely on Mercator for Straight Through Processing (STP). Mercator Inside Financial Services solutions, including, Mercator InsideSWIFT; Mercator InsidePayments; Mercator InsideFSManager.; Mercator InsideSTP; and Mercator InsideGemini., seamlessly integrate risk-bearing transactions between banks, securities firms, and other financial service providers, delivering comprehensive straight through processing that reduces risks and increases operational efficiencies. About Mercator Software, Inc. Mercator delivers large global organizations The Advantage Inside Integration(TM), providing Industry-Ready Integration Solutions(TM) that solve critical business problems in real-time, while leveraging current technology investments and maximizing ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Mercator Inside Integrator(TM) 6.7 integration suite features a Solutions-Oriented Architecture,(TM) which easily and seamlessly automates high-volume, complex transactions. Over 1,100 global businesses leverage the power, speed and flexibility of Mercator's proven integration technology and industry expertise to build better business value and faster ROI. To hear why our customers and partners believe Mercator is the advantage inside integration, visit our Web site at www.mercator.com. (C) 2003 Mercator Software, Inc. All rights reserved. Mercator and the Mercator logo are registered trademarks of Mercator Software, Inc. All other marks appearing with a "TM" thereafter are intellectual property of Mercator Software, Inc. Any other product or company names mentioned are used for identification purposes only, and may be trademarks or service marks of their respective owners. Mercator is a registered trademark of Mercator Software, Inc. Legal Notice Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements in this press release that are not purely historical are forward-looking statements, including statements regarding Mercator Software's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements in this release include, but are not limited to, statements regarding the growth of the enterprise application market, the demand for the company's application integration solutions and the speed of deployment of new products, including combined Mercator e-business integration broker products. It is important to note that actual outcomes and the company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as changes in demand for application integration or e-business integration software and the company's Mercator e-business integration broker suite of products in particular, the ability of the company to expand its international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , the ability of the company to manage expanded global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , the ability of the company to continue to add resellers and other distribution channels, and the success of third parties in utilizing and marketing the company's products, the Company's ability to raise financing, or seasonality in operating results. Readers should also refer to the risk disclosures outlined in the company's reports filed with the Securities and Exchange Commission. All forward-looking statements and reasons why results might differ included in this release are made as of the date hereof, based on information available to the company as of the date hereof, and the company assumes no obligation to update any such forward-looking statement or reasons why results might differ. |
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