OpenLink

Reserve Bank of Australia to Implement OpenLink's Findur

Signing Marks a Strategic Win as OpenLink Expands Within Asia Pacific

SYDNEY, AUSTRALIA, November 7, 2003 /Business Wire/ — OpenLink, a leading provider of financial and energy trading, risk management, and operations software solutions, today announced that the Reserve Bank of Australia (RBA) has licensed its Findur solution to support the bank's financial market operations across front-, middle-, and back-office functions.

Findur, an integrated, multi-market trading, risk, and operations solution that streamlines trade lifecycle processes, is currently in production at several of the world's leading central banks. RBA will implement Findur as a replacement solution for multiple in-house systems, creating a single, integrated IT platform for its dealing functionality, risk control, operations, and accounting, as well as settlement processing that includes SWIFT connectivity.

"Supporting RBA's generic market and proprietary processing requirements is instrumental in further strengthening our central banking capabilities, especially as it relates to our exception-based straight-through-processing functionality," said Jean-Claude Riss, managing director of OpenLink International. "This relationship extends our presence within Asia Pacific and reinforces our foothold in this region."

"We need to thank RBA for putting us through a challenging selection process that looked beyond the 'me-too' marketing rhetoric and drilled deep into the offerings of their short-listed vendors. Because of their rigorous due diligence, we were able to effectively showcase Findur's robust, integrated capabilities — functionality that really sets Findur apart from other competing products," said Coleman Fung, OpenLink's founder and CEO. "We welcome RBA to the OpenLink family and look forward to a strong and productive partnership as our local presence within the Asia-Pacific region continues to grow."

About Reserve Bank of Australia

The Reserve Bank of Australia's (RBA) main function is monetary policy with the objective of achieving low and stable inflation over the medium term. Other major roles include maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is an active participant in financial markets, manages Australia's foreign reserves, issues Australian currency notes and serves as banker to the Commonwealth Government. As well as being a policy-making body, the RBA provides selected banking and registry services to a range of Federal Government agencies and to a number of overseas central banks and financial institutions. Its assets include Australia's holdings of gold and foreign exchange. Wholly owned by the Australian Government and headquartered in Sydney, Australia, RBA has offices in Adelaide, Brisbane, Canberra, Melbourne, Perth, London, New York, and at Note Printing Australia Limited (NPA) — a wholly owned subsidiary of the Bank — Craigieburn, Victoria.

About OpenLink

Founded in 1992, OpenLink is a leading provider of trading, risk management, and operations software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Banco de Mexico, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, Deutsche Bank, Duke Energy International, EnCana, Equiva Services, Mobil UK, Mirant, Nexen, Shell Trading, and Vattenfall Europe Trading. Headquartered in Long Island, New York, OpenLink employs more than 280 professionals worldwide, with offices in London, Houston, New York City, Berlin, Tokyo, and Sydney.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197