Toronto, August 2009: 4sight has announced the launch of support for the borrowing and lending of Exchange Traded Funds (ETFs) within its 4sight Securities Finance (4SF) software solution.

The new functionality extends the facility to track cash trades within 4SF to include ETFs and ETF compositions. The features provide visibility of long short ETF strategy, along with tools for managing ETF exposure and the P&L costs of borrowing and lending ETFs.

"We have developed this new functionality to meet the needs of our clients as ETFs become a more prominent feature of the securities lending landscape”, comments Jason Hayes - 4sight’s North American Sales Director. “4sight’s commitment to product development will continue to benefit our customers as the market evolves.”

Barcelona, June 2009: ACA Valores has signed a deal to implement 4sight’s Securities Finance software solution. ACA is a Spanish bank owned by eight Spanish Savings Banks and will use 4sight Securities Finance (4SF) for its agency lending business, with the system providing cross portfolio availability, collateral management, reporting and risk management.

In addition to the core Securities Finance application ACA will make use of 4sight’s Web Reporting module and the Xpose module for collateral management. The project will also integrate multiple domestic and international securities lending services and strategies offered by ACA within one system.

“4sight was chosen as our preferred solution provider because of the company’s focus on proactive development, responsiveness and the software’s functional capabilities”, comments Luis Moncasi, Managing Director of ACA Valores’. “We received a great deal of positive feedback on 4sight from the industry and look forward to working together to implement a successful project”.

Lugano, Switzerland, May 2009: BSI Bank has extended its use of 4sight Securities Finance (4SF) to meet the needs of the additional clients it has taken on as the result of its recent acquisition of Banca del Gottardo.

BSI Bank specialises in asset management and related services for private clients and had been using 4SF for its Securities Finance business for a number of years.

Banca del Gottardo was using software supplied by a Swiss technology provider, and a detailed comparison of the two systems was undertaken to determine which provided the most effective solution for the merged bank.

Following the review 4sight Securities Finance was selected as the preferred system and the data migrated from Gottardo’s solution to support the clients taken on by BSI. An upgrade was also carried out to the latest version of 4SF.

“The system migration was delivered successfully with no disruption to our business and we are very happy with the results of the project”, comments Alberto Mandelli of BSI. “Throughout the implementation 4sight has been quick to respond to our needs and will remain a trusted technology partner to our business going forward.”

London, December 2008: Aviva Investors (formerly Morley Fund Management), one of the largest active asset managers in the UK has gone live with 4sight’s Securities Finance software solution for its Securities Finance business.

Aviva had previously been using a system supplied by one of 4sight’s competitors and the implementation involved the migration of data and changeover from the legacy system, along with interfaces between several third party systems and 4sight Securities Finance.

“We were very pleased with 4sight’s responsiveness to our needs during the smooth rollout of the software and transition from our legacy system”, comments Sarah Nicholson, Aviva’s Head of Securities Finance. “4sight Securities Finance will enable us to increase efficiency through greater automation of our business and allow us to adapt to the requirements of the Securities Finance industry as they evolve.”

Judith McKelvey, 4sight Sales Director says, “We are delighted with the success of this project, particularly as it involved the replacement of a competitor’s system and look forward to offering continued technology support to assist Aviva in enhancing its business offering.”

Paris, November 2008: Calyon, the corporate and investment banking subsidiary of Crédit Agricole, and one of Europe's top-ranking banks, has gone live with 4sight’s front to back office Securities Finance software for its global securities borrowing & lending operations.

The software provides Calyon with a solution for its North American, European and Asia Pacific Equity Finance desks and adds another major global name to the list of 4sight’s recent new client wins. The project included the installation of the 4sight Xpose module for collateral optimisation and 4sight’s recently released Cash Netting module.

“We were very happy with the implementation project and are greatly looking forward to the benefits the system will generate across our business”, comments Monique Veillerobe, Global Head of Equity Finance at Calyon. “4sight Securities Finance will provide us with a scalable solution to maximise our diverse Securities Financing operations and assist us in making the most effective use of our global positions.”

Luc Papadopoulos, Calyon’s project manager comments: “A large part of the program success was attributable to the skills and involvement of 4sight’s project manager and following the go live Calyon expects to continue to maintain a close ongoing relationship with 4sight."

“This client go live adds to the list of major financial institutions selecting 4sight as a preferred technology partner,” says Judith McKelvey, 4sight Sales Director. “The functionality we have developed specifically for each of the North American, European and Asia Pacific markets is now enabling us to offer a truly global solution for Securities Finance.”

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