Repo/Governments Comparison Update

SunGard has completed file specifications for a new comparison service focused on the repo and governments markets. The new comparison service will link participants in the government securities, repo and corporate repo segments, allowing lenders and borrowers to identify and correct discrepancies on a daily basis. The first release of Repo/Government includes a file-based exchange of comparison results, similar to the existing Loanet comparison functions. Global One also now provides a position extract for Loanet repo/government compare purposes in version 6.6.1. Subsequent releases will include an online comparison and correction facility through www.loanet.net that will allow participants to streamline the re-pricing and re-payment processes by confirming accrued rebate as well as the underlying contract conditions of each open position. The new comparison service supports both US and multicurrency positions through the same file formats. The new Repo/Governments Comparison specifications can be obtained by contacting Loanet Client Services vie e-mail at Loanet.Support@SunGard.com or via telephone at 603-898-5980.