Press Releases

Sector Treasury Services to Use SunGard’s STN Money Markets Portal

May 26, 2009 — Wayne, PA and London, UK

Sector Treasury Services, a leading treasury management and capital financing advisor to UK local authorities and a subsidiary of the Capita Group, has selected the SunGard Transaction Network’s (STN) Money Markets portal to help its local government treasury clients meet their short-term investment requirements.    
 
STN’s Money Markets portal is a global, multi-currency trading and connectivity solution for institutional money market investors, such as corporate treasurers and hedge funds. The STN Money Market portal offers the resources to help Sector’s clients research, analyze, trade and report on money market funds through a single connection. STN’s Money Market portal will also help provide Sector’s clients with the ability to analyze money market fund investments and suitability while working with an ever increasing number of Sterling money market fund providers.
 
Maryum Malik, associate director at Sector Treasury Services, said, “We chose SunGard’s STN for its wide range of fund coverage and its integrated research capability for cross-comparing fund performance. STN provides historical data in one portal, along with underlying holdings of funds, yield comparisons, and filters on ratings. This will give our clients an intuitive platform with the freedom to make their own investments online and help them streamline the entire process.”
 
Kevin Rafferty, president of SunGard's wealth management business, said, “As local authorities in the UK and around the world seek more effective ways of managing cash, they require access to tools that help them to assess and trade money market funds. By offering access to a wide group of investment options and enhancing the level of research available to treasurers, STN will help Sector enhance the effectiveness of its client offerings and service.”
 
About Sector Treasury Services
Sector is the leading and independent provider of capital financing, treasury advisory and strategic advisory services to the Public Sector. Our comprehensive experience and broad range of services have consistently helped organisations improve their financial and business performance.  
 
Our specialised advisors are drawn from both the public and private sectors and combine extensive skills, expertise and dedication with a strong public service ethos to provide a service offering designed to improve the effectiveness of financial management, maximise resources and understand and enhance the overall impact on costs, culture and performance.  
 
With over 400 clients, including Local, Fire and Police Authorities, RSLs, NHS Trusts, Universities and Leisure Trusts, Sector has arranged £3 billion of Local Authority market debt and helped Local Governments save over £300 million; we have also refinanced £750 million of Local Authority market bonds, raised over £1 billion of Housing Association debt and arranged Lease Finance on over £250 million of assets.
 
About STN
A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including U.S. and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.
 
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
 
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
 
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
 
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
 
STN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited - Authorised and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ. SunGard Global Execution Services Limited is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the FSA under UK laws, which differ from Australian laws.
 
STN Brokerage Services offered throughout the United States are provided by SunGard Institutional Brokerage Inc. * Member FINRA/SIPC * 377 E. Butterfield Rd., Suite 800 * Lombard, IL, USA 60148
 
Trademark Information: SunGard, the SunGard logo and STN 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.