Sumitomo Trust & Banking Goes Live with Calypso Interest Rate and FX Derivatives System

Tokyo, 20 February 2006 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced that Sumitomo Trust & Banking (STB) has gone live with Calypso's innovative interest rate and foreign exchange derivatives software solutions.

STB had been looking for a platform upon which they could grow their Treasury business, while also providing enhanced customer service and improving operational efficiency. The bank selected Calypso as it provides a single platform which supports the broad range of financial instruments that STB trades. In addition, the Calypso solution provides STB with the option to further expand its range of products and services for clients in the future.

“We selected Calypso because we felt that it was a strategic technology solution that would allow us to decrease the time taken to develop new products and release them to clients. We have worked in partnership with Calypso, along with Mitsui Knowledge Industry, to develop a solution that meets our needs in the Japanese market and can be implemented to fully meet the requirements of customers' platforms,” said the Deputy General Manager, Market Making Department at Sumitomo Trust & Banking.

In the first stage of the project, STB was able to move its important FX business onto Calypso. Following that highly successful launch, interest rate and FX derivatives have now been added. This means STB will be able to perform cross product risk analysis and carry out all trading and associated hedging activities on a single, integrated solution.

“In addition to the foreign exchange system already in service, we now have an integrated solution for combined risk, one of the greatest strengths of the Calypso solution. We are looking forward to making full use of its features,” Sumitomo's Deputy General Manager said.

“We are delighted to have played an instrumental role in STB achieving their business objectives. Rolling out a single solution to cover trading and processing of multiple products is the proven way to reduce total cost of ownership. STB's decision to deploy Calypso as that single solution is testament to our strength in that area,” commented Charles Marston, Chairman and CEO of Calypso Technology, Inc. “Working with STB has given us further valuable insight into the Japanese financial marketplace and enabled us to ensure that our solutions meet the unique requirements of the region.”

About Sumitomo Trust & Banking
For further information, please visit http://www.sumitomotrust.co.jp/

Calypso Launches V8

San Francisco, 06 February 2006 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced that it has released Calypso V8 with its increased pre-configuration capabilities. These software enhancements are combined with several new implementation initiatives to provide complete prepackaged solutions which are asset class specific as well as cross-asset.

Calypso V8 combines the functionality developed for large global financial institutions like HSBC, Bear Stearns, and Citigroup with expertise gained from numerous successful implementations to create complete end-to-end software solutions for each capital markets business area. It covers a variety of enhancements and services, including:

• Market interfaces available 'out of the box', including SwapsWire, DTCC and T-Zero
• Preconfigured trade workflow, reports, accounting rules and confirmations for back office users
• Interfaces to technology infrastructure partners, including DataSynapse and VERITAS
• CalypsoML enhancements to assist with data migration and interfacing
• Calypso University offering a range of training courses including asset class specific and certification training
• Development of packaged implementations in partnership with select partner firms.

These standardized offerings combine the best of breed functionality used at top tier firms with tools to simplify the implementation process and are designed to enable Calypso users to have the ability to accurately define their project requirements and plan the total implementation accordingly leading to lowering the customer's total cost of ownership.

“Our involvement in a range of projects at financial organizations both large and small has taught us the most efficient way to get our customers into production. We are keen to share this knowledge in order to provide our customers with the ability to quantify their projects towards their successful completion,” said Charles Marston, Chairman and CEO of Calypso Technology, Inc. “By packaging our software solutions in this way, customers can choose to leverage the experience the Calypso team has acquired or to maximize the extensibility of the Calypso software by customizing it to the users needs.”

Calypso V8 also introduces major enhancements in the commodities module and expands the structuring of exotic hybrid products through eXSP™ for all asset classes.