Press Releases

SWIFTNet Linkage to Asset Control Streamlines Data Infrastructure for SWIFTNet Users

Atlanta, GA (Sibos), October 11, 2004

New AC Plus Module Leverages Single-Point Data Aggregation, Sharing and Publishing via SWIFTNet

Asset Control, leading provider of centralized data management solutions to the financial industry, today introduced SWIFTNet functionality as a major step forward in its support of streamlined operational coherency within financial firms and across the capital markets industry. This functionality enables users to aggregate data, such as corporate actions and vendor-provided market data, transported over SWIFTNet. It also offers a simplified means of sharing data to select groups of recipients on SWIFTNet, the most ubiquitous network in the capital markets realm.

The new SWIFTNet functionality will be demonstrated at Sibos, the annual meeting of SWIFT held this week in Atlanta, at Asset Control’s booth #K196.

“At Asset Control, we see operational coherency as an industry objective that incorporates the demands of regulators, shareholders, markets and customers for transparency and efficiency.  The combination of our centralized data management and SWIFTNet’s investment data transport through a network of more than 7,000 users offers a quantum leap forward in simplifying system architectures with multi-functional, future-proof elements “ said Ger Rosenkamp, CEO of Asset Control.

He continued, “SWIFTNet, as a single point of access to multiple data sources and as a global distribution medium, offers a vital expansion of our own AC Data Network strategy. By centrally managing and distributing data, creating new data factors, and integrating the entire realm of investment data, the sum of our two parts offer extraordinary potential to streamline internal operations, as well as contribute quality and consistency to industry information resources.”

The new functionality will enable SWIFTNet users to easily move data delivered over SWIFTNet in and out of the AC Plus server in industry-standard and proprietary formats, as well as integrate the data with data from other sources. SWIFTNet functionality will be available in all AC Plus solutions, including AC PriceMaster, AC SecurityMaster, AC CompanyMaster and AC CorporateActions for consolidation and manipulation of multi-sourced data, as well as AC SmartFeed for single-source data management.

“As an early participant in the new program of market data transport on SWIFTNet, Asset Control has recognized that SWIFTNet provides unique opportunities for data networking in the capital markets industry,” said Catherine Marks, SwiftSolutions Manager, Asset Servicing, of SWIFT. “The Asset Control functionality enables SWIFTNet users to envision new options in using SWIFTNet and the data it transports.”

About SWIFT
SWIFT is the financial industry-owned co-operative supplying secure, standardised messaging services and interface software to 7,650 financial institutions in over 200 countries. SWIFT's worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade. SWIFT’s new IP messaging platform enables financial services firms to do business in an environment that now combines the security of a private network and the guarantees of a trusted third party with the flexibility of Internet technologies. SWIFTNet has been launched and will be fully rolled out by end of 2004.

About Asset Control
Asset Control offers total data management to financial industry firms through a full range of in-house and outsourced options for investment data management.  A choice of developer tools, quick-to-implement software and outsourced services enable users to optimize their data for efficiency, cost control, reduced operational risk and increased value from their data. 

Derived from the robust and reliable AC Plus modular framework, the Asset Control product set includes data solutions addressing market risk, counterparty credit risk, security master, research and corporate actions, as well as global data networking and administration. Handling data from vendors and in-house systems, these solutions collect, validate, normalize, and consolidate data into cleansed composite “golden copy” sets for business use.

Customers include the LCH.Clearnet, Abbey National, ABN AMRO, Barclays Capital, Bayerische Landesbank , BBVA, Commerzbank, IBM (Dresdner Bank), Harvard Management Company, HSH Nordbank, HypoVereinsbank, Grupo Santander, ING, Robeco Groep, Société Générale, Standard Chartered and Union Investment, as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands.  For more information please visit www.asset-control.com.