OM To Provide New Settlement System For ABN In Australia

ABN AMRO has signed an agreement with OM to deliver and install a new Settlement Back Office to support its Australian equities business. The agreement includes delivery, implementation and five years of support of OM's OneWorld Settlement engine, and is expected to have an order value of about 30 MSEK (approx. 3 MUSD).

"We already provide ABN AMRO with our Trading, Securities Finance and Settlements solutions in Asia and we are delighted that they have chosen to further use OM services across the Asia Pacific region. This achievement confirms OM as a key technology provider to the Australian financial sector," said Magnus Karlsson Böcker, President of OM's Technology Division.

The OneWorld Settlement system is a leading Settlements System, already supporting Investment Banking Operations across 15 global markets. This deal represents the second site for OneWorld Settlement with ABN AMRO in Asia, who recently went live with the product in Hong Kong. It is the first deal for OneWorld Settlement in Australia, and hence represents a new and major market for the Division.

OM is a leading provider of transaction technology to the financial services and energy industries with over 100 customers in 20 countries worldwide. OM also owns and operates exchanges and has operations in 11 countries. OM is listed on Stockholmsbörsen. For further information about OM, please visit www.om.com.