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- Sibos, Singapore International Convention & Exhibition Centre, 15th-19th October 2001

Didcot, England – 23 August 2001 - RCP Consultants Ltd. (RCP), a leading provider of straight through processing solutions to the growing e-financial markets, is demonstrating its innovative RCP Deal Web system at Sibos in October, together with a preview of developments on the industry standard, FpML.

“By attending we hope to meet possible partners and potential customers, from Back and Front Office Operations in the Foreign Exchange and Money Markets arena. This represents a new era for the Financial Group with the potential for expansion and growth in ‘client’ applications,” commented Maxine Ainslie, Marketing Executive at RCP.

RCP Deal Web gives banks operational support for Foreign Exchange (FX) operations, reducing operational costs across countries whilst respecting regulatory standards. One of the key features that is attracting customers is its ability to support local FX services, whilst providing global oversight functions.

RCP have already gone live with one major bank on RCP Deal Web, with the prospect of providing to their global operations. We are also actively working with other financial institutions to implement the system. It opens new opportunities for banks to provide global data access, giving genuine system inter-operability from the shrink-wrapped technology and minimal administration and deployment costs. This brings consistent, cost-effective and timely support to reconciliation activities.

Gavin Smith, RCP’s Global Markets Business Manager is currently working for the FX Products Working Group on FpML (Financial products Markup Language) and has subsequently developed applications which collect data from major FX trading systems such as Reuters Dealing and EBS and deliver each as an FX FpML document. These applications will be enhanced to match the developing FpML FX standard.

The Group is responsible for extending the product definition of the current FpML standard to accommodate the use of FpML for FX products, whilst ensuring full utilisation of the existing language.

RCP will be at Booth PO11, on Level 4 at the Singapore Convention & Exhibition Centre, 15th to 19th October 2001.

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RCP Consultants Ltd.

RCP Consultants Ltd. (RCP) is an independent software house founded in 1980, based in Didcot, Oxfordshire.

RCP is a leading supplier of software to the Foreign Exchange (FX) Markets, both for trading systems integration and post-trade “ticket” processing and automation. RCP is approved to ISO 9000, and has over 100 banking customers in 25 countries. For many years, RCP has been a supplier of strategic software products to Reuters, and is currently working with other major vendors who have chosen RCP to provide automated capture of FX trades.

For more related information on RCP visit: http://www.rcp.co.uk/banking/ or http://www.rcpdealweb.com


Sibos

Sibos is widely considered the world's premier financial services event, attracting the industry's leading figures and firms. More than just a conference and exhibition, it is the SWIFT world forum for advancing critical dialogue on the issues we face as an industry. Sibos is where networking and doing business are at the top of the agenda. Sibos delegates represent the key financial institutions and IT organisations from around the globe, all coming together in one place to do business. Over 6,000 senior bankers, regulators, investment managers, broker-dealers, treasury specialists and operations professionals - along with SWIFT board members, executives and account managers - all see Sibos as an excellent investment.

With the power to draw over 6,000 senior business and operations executives and close to 200 application and middleware vendors, system integrators, financial institutions, consultants and central clearing systems, Sibos is where the financial services industry does business, website: http://www.swift.com


FpML

For more information on the FpML industry standard and its Product Working Group, visit the website: http://www.fpml.com


Contacts for information:

Maxine Ainslie
RCP Consultants Limited
T: +44 (0)1235 510116
Mobile : 0777 339 1582
Email: maxine.ainslie@RCP.co.uk

Peter Linton
Media Link
T : +44 (0)118 984 3386
Email : peter@medialink.co.uk




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