SunGard's Credient to Provide ING Group With Global Credit Risk Management; ING Financial Markets to Use Credient for Best Practice Credit Portfolio Management

Business Wire, June 5, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--June 5, 2002

SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that the ING Group of Netherlands has selected Credient, a comprehensive credit risk management solution delivered via an application service provider (ASP) framework. Credient will provide ING with a global, integrated, real-time infrastructure, enabling the company to manage the credit risk of its financial markets activities.

Using Credient, ING will implement consistent and global credit risk management processes and measurement methodologies across ING Financial Markets in order to reduce risk management costs, improve transparency, implement modern risk management process and techniques, expand business opportunities without increasing limits and reduce total portfolio risk. Credient will enable ING to monitor, report and control its credit risk across the Group in real-time, and implement industry best practices in credit portfolio management.

As an integrated solution for credit risk management, Credient consolidates and provides tools for portfolio analysis and exposure modeling, as well as global and real-time, pre-deal limit checks for control of credit risks in its financial markets business. Credient will consolidate the full range of credit risk information at ING through Web-based reporting, including exposures, mitigation, ratings, credit loss and portfolio analytics. ING will use Credient to manage and control the counterparty, settlement, country and issuer risks associated with its financial markets activities, and to reduce its portfolio risk through collateralization, netting and diversification. It will incorporate all financial markets products in ING's treasury, trading and investment activities. SunGard will host Credient in the European SunGard Availability Services data centers, providing a fully resilient business continuity service.

Credient and the supporting processes will help ING meet its business goals, such as providing tools to traders to understand and develop their credit positions through sophisticated exposure modeling, Web technologies for reporting, support of high trading volumes and openness, scalability and user-friendliness. The existing relationship with SunGard and SunGard's proven reliability, breadth of knowledge and experience were cited by ING as important elements in the selection of Credient.

Steve Husk, president of the Credient/Infinity operating unit, said, "The regulatory changes proposed in the Basel II Accord have increased industry-wide focus on credit risk analyses and portfolio management. Credient provides banks with the infrastructure to consolidate, analyse and exploit their credit portfolios. We are committed to working with ING and our other client partners to help them achieve their global business ambitions through the effective control of their credit risk portfolios."

About ING Group NV

ING Group is a global financial institution of Dutch origin, active in the field of banking, insurance and asset management in 65 countries with more than 110,000 employees. In its first decade, ING achieved a 16-fold increase in market capitalization from EUR 5 billion in 1991 to EUR 80 billion at the end of 2000. More than 70% of ING's shares are held outside the Netherlands today. ING seeks to provide a wide range of financial services to private, corporate and institutional clients through a variety of distribution channels, giving them the freedom to choose the option which best suits their individual needs.

About SunGard Trading and Risk Systems

SunGard Trading and Risk Systems provides integrated, enterprise-wide solutions for financial trading, risk management and operations, as well as asset liability management and financial planning and forecasting. Serving over 500 clients, it offers Web-enabled solutions for achieving straight-through processing, and for managing market, credit and operational risk. Clients include banks, broker/dealers, asset managers, hedge funds, corporate and government treasuries of every size, geographical reach and operational complexity. For energy companies, SunGard Trading and Risk Systems provides trading, risk management and commodity scheduling software solutions.

About SunGard

SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, and Credient are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.