Communicator Inc

About Communicator Inc
Communicator is a financial technology firm providing Wall Street with secure, compliance identity management and electronic communication solutions. Communicator's services include Compliance Hub, which provides confirmation processing and know-your-counterparty services for over 1,600 financial firms; Hub Connex, which provides over 800 buy-side firms and leading broker-dealers secure, compliant cross-company messaging and Forums; and identity management services that are used to confirm and manage over 400,000 user identities, profiles, and permissions across the industry. For more information visit www.communicator.com, call 914-872-2840 or email sales@communicator.com.

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	Communicator Inc Launches Trade Date Tie-Out Service for OTC Derivatives Trades and Assignments

		Several Major Financial Institutions Select Communicator Inc’s Trade Date Tie-Out Service to Identify and Minimize Risks of Unknown Trades and Assignments White Plains, NY, September 12, 2005- Communicator Inc today introduced the Trade Date Tie-Out service to enable institutional investors and broker-dealers to immediately acknowledge OTC derivative trades and resolve unrecognized trades or unknown assignments on trade day. Several leading buy-side and sell-side firms are already implementing the Trade Date Tie-Out service, including ING Clarion Capital and PIMCO. "We want to be pro-active and address outstanding and unconfirmed trades," said David Lown, Executive Vice President of PIMCO. "Compliance Hub’s Trade Date Tie-Out service gives us a process to mitigate risks upfront." "This will have a positive impact on our hedge fund clients, enabling them to better manage risk from the start of post-trade processing through full execution," says Hans Hufschmid, Chairman and CEO of GlobeOp Financial Services. "As trading volume rises, investors and broker-dealers alike see the Trade Date Tie-Out process as absolutely necessary to meet risk management and compliance requirements," notes Leo Schlinkert, President and CEO of Communicator Inc. "Regulators are also focusing more on operational challenges and best practices as evidenced by the FSA’s February 2005 letter and the upcoming September 15th meeting called by the Federal Reserve Bank of New York." An extension of Communicator Inc's popular Compliance Hub platform, the Trade Date Tie-Out service provides counterparties with an upfront electronic process to reconcile daily trade activity across all product and transaction types. For firms engaged in assignments, the Trade Date Tie-Out service also provides visibility to important assignment details, including each firm’s position in the trade and a complete audit trail of every firm’s trade acknowledgment. Over 23 buy-side firms and 35 broker-dealers already use Compliance Hub to reduce outstanding derivatives confirms. Communicator’s Compliance Hub Confirmation service has been growing at a rapid rate, with a 72% increase in transaction volume and a 76% increase in client growth over the last quarter. "In many organizations, the end-of-day tie-out process consists of a combination of verbal confirmations and electronic messages. There is no single, auditable means of reconciling daily trade activity – or understanding where the breaks are in the process," explains Michele Carlo, Product Manager for the Trade Date Tie Out service. "Addressing end-of-day tie-outs, particularly remaining party acknowledgements, on trade date has become a top priority for all our clients." Benefits of the Trade Date Tie-Out service include: Lowered risk exposure – The service provides a more consistent and auditable process for reconciling trades that dramatically improves the current process of verbal confirms or text/emailed messages. Notifications on critical issues – Real-time alerts allows institutional investors to rapidly respond to unknown trades (DKs), potentially un-booked trades and disputes. Counterparties also receive timely assignment notices. Enhanced reporting – The service enables real-time status reports to be extracted on all critical areas. Comprehensive product and transaction coverage – Compliance Hub supports all product classes (credit, equity, interest rate, currency, commodity) and transaction types (new trades, assignments, terminations and partials). Support is also included for block trade allocations. Communicator Inc's Trade Date Tie-Out service is the latest in a series of compliance and operational solutions for the OTC derivatives market. Currently over 60 firms leverage the Compliance Hub solutions for OTC derivatives for master agreements and swaps confirmation processing. The Compliance Hub service is also fully integrated with DTCC’s Deriv/SERV providing financial firms a single place for users to upload trade data and track confirmation statuses of all types of trades. About Communicator Inc Communicator is a financial technology firm providing Wall Street with secure, compliance identity management and electronic communication solutions. Communicator's services include Compliance Hub, which provides confirmation processing and know-your-counterparty services for over 1,600 financial firms; Hub Connex, which provides over 800 buy-side firms and leading broker-dealers secure, compliant cross-company messaging and Forums; and identity management services that are used to confirm and manage over 400,000 user identities, profiles, and permissions across the industry. For more information visit www.communicator.com, call 914-872-2840 or email sales@communicator.com. # # # Compliance Hub is a service mark of Communicator Inc. Copyright © 2005 Communicator Inc — All rights reserved