DekaBank implements UCITS III Rules for Germany and Luxembourg with SunGard's Asset Arena Compliance

Issued by SunGard
Paris, 19 Jun 2008

The need for sophisticated compliance solutions to support structured products and derivatives is increasing in importance due to trends in the asset management industry - such as the expansion of eligible asset classes under the UCITS III framework. DekaBank (http://www.dekabank.de), one of Germany's leading asset managers, has deployed a new version of SunGard's Asset Arena Compliance, including the UCITS III country-specific rules, to expand coverage for Germany and Luxembourg.

Asset Arena Compliance (http://www.sungard.com/assetarena) provides pre-trade and post-trade compliance for asset managers and fund administrators. SunGard has worked collaboratively with DekaBank to upgrade the firm's existing Asset Arena solution by incorporating more advanced compliance rules coverage.

"We have been using SunGard's Asset Arena Portfolio Management and Trading solution suite since 2002," commented Arne "Uhleke, head of DekaBank's "FondsCompliance" department. "With the addition of these new rules, we are better equipped to meet the demanding compliance needs for UCITS III products and financial instruments in Germany and Luxembourg for pre-trade compliance checks. With the help of SunGard's Asset Arena professional services team, we were able to achieve a successful implementation that covered both plain vanilla instruments and their associated UCITS III German and Luxembourg rules, as well as complex instruments such as structured notes, OTC derivatives and asset-back securities."

Eyal Yaron, managing director in SunGard's institutional asset management business, commented: "We have a strong relationship with DekaBank and the addition of these new enhancements provides a great example of how our customers can strengthen their operations by leveraging our professional services capabilities. We are pleased to help DekaBank compete more effectively in Germany and Luxembourg and capitalize on UCITS III expansion."

DekaBank

DekaBank is the German Savings Bank Finance Group's central service provider in everything to do with asset management. The bank's three business divisions - Asset Management Capital Markets, Asset Management Property and Corporates & Markets - work closely together by offering financial products tailored to the needs of private and institutional investors. With managed fund assets of about EUR 190 billion, more than five million customer deposits and group locations in Germany and abroad, the DekaBank Group is one of the largest asset managers in the German market. For further information, please visit: www.dekabank.de.

Asset Arena

Asset Arena is SunGard's global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life-cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.

SunGard

With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Asset Arena 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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