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SS&C First to Adhere to ISDA Standards on Credit Default Swaps
Apr 14, 2009
SS&C First to Adhere to ISDA Standards on Credit Default Swaps

SS&C First to Adhere to ISDA Standards on Credit Default Swaps

WINDSOR, CT – April 14, 2009 — SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced the release of Debt & Derivatives 2009.1.0, an important update to SS&C's derivatives accounting management and reporting solution. The latest release of Debt & Derivatives marks SS&C's continued commitment to keeping their institutional and alternative investment platforms current as regulatory changes impact its client base.

The International Swaps and Derivatives Association, Inc. (ISDA) have developed significant amendments to the contractual provisions governing credit derivative products as part of an initiative to an effort to enhance the infrastructure of the Credit Default Swaps (CDS) market, increase transparency, and foster operational efficiency. Debt & Derivatives 2009.1.0, released on April 8, 2009, enables clients to accommodate the new industry protocols for the standardized trading of credit default swaps, namely the North American Contract modifications.

"CDS processing and risk management has become a top challenge for investment management firms worldwide, and without a unified approach by market participants these contracts can spiral out of control if they are not proactively managed,” said Diane Cossin, vice president, SS&C Technologies, Inc. “With the release of Debt & Derivatives 2009.1.0, we are pleased to be first to market with a technology solution to immediately adhere to the new CDS protocol.”

The changes will be implemented through the adoption by counterparties to CDS transactions of the 2009 ISDA Credit Derivatives Determinations Committees and Auction Settlement Supplement to the 2003 ISDA Credit Derivatives Definitions. To learn more, please visit www.isda.org.

About SS&C Technologies
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) financial markets. Additional information is available at www.ssctech.com.

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Patrick Pedonti 
Chief Financial Officer, SS&C Technologies 
Tel: 1-860-298-4738 
E-mail: InvestorRelations@sscinc.com

Justine Stone Investor, Relations, SS&C Technologies
Tel: 1- 212-367-4705
E-mail: InvestorRelations@sscinc.com

Media Contacts 
Sean Welch 
PAN Communications
Tel: (407) 734-7330
E-mail: ssc@pancomm.com