News & Events

EMERGING MARKET EXPOSURE DRIVES 100% GROWTH OF GRESHAM'S CLARETI CASH REPORTING SERVICE AS BANKS SEEK TO CONTROL SETTLEMENT RISK

 

BOSTON, USA – 1 October 2007 – Gresham Computing plc today announced that message volumes through its 2007 SWIFTReady Gold Cash Reporting service, Clareti Cash Reporting, grew 100% in the past 12 months.

 

Gresham currently reports in 13 currencies which now represents more than half a trillion USD per day on average. In order to satisfy demand in non-CLS Bank currencies, the service will now also support Turkey, Hungary and Poland in Q4 2007. Russia and Latin American countries will be a primary focus for 2008.

 

“There remains huge exposure in foreign exchange settlement risk in non-CLS currencies as highlighted by the Consultative Report from the Bank for International Settlements in July 2007. Our banks and their customers manage these risks in real-time. Our ability to manage what has happened and to identify what should have happened is critical because you can’t manage what you can’t see” said Andrew Walton-Green CEO, Gresham Computing plc.

 

Paul Knipe, Head of Reconciliation Control & Compensation at Royal Bank of Scotland, Global Banking & Markets said “Gresham’s service enables me to analyse risk across a range of currencies and by monitoring the accounts over which I expect to receive settlement I can escalate potential problems much earlier in the settlement cycle.”

 

SIBOS 2007 conference is in Boston, USA, from 1st to 5th October 2007. More information concerning the Clareti suite of real-time financial solutions can be found visiting stand B01 or obtained from Gresham Computing’s website www.gresham-computing.com

 

About Gresham Computing plc
Gresham Computing specialises in delivering real-time financial solutions. Gresham develops and implements software solutions for banks and corporates, as well as integration and storage solutions. Many of the Global 500 choose Gresham to help improve their competitive edge and bottom line performance in some of the most challenging market sectors.

 

Gresham Computing plc is listed on the London Stock Exchange (GHT) and has offices in Europe, North America and Asia Pacific.

 

For more information please visit www.gresham-computing.com or contact:

 

Andrew Walton-Green

Gresham Computing plc

+44 (0)20 7653 0200