Calypso Launches New Cash Management Module

• The new module is designed to allow clients to carry out cash management tasks on both internal (nostro) accounts and also client accounts

Sibos, Sydney, 10 October 2006 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced the launch of a new cash management module for internal and client accounts. The new module enables Calypso users to streamline their own accounts, as well as provide a value-added service to their clients.

The new module is designed to allow clients to carry out cash management tasks on both internal (nostro) accounts and also client accounts. The new module enables the monitoring of cash positions and the creation and sending of account statements according to a user’s definitions. Account sweeping can be executed manually or as a scheduled task, with transfers made automatically as required. Interest calculations, the ability to apply management fees to nostro and client accounts, as well as comprehensive reconciliation facilities including the generation of appropriate SWIFT messages, assists Calypso users in updating their own and their client’s accounts in a timely and accurate fashion.

Fully integrated with the Calypso cross-asset processing solution, the cash management module incorporates Calypso’s workflow capability to give users the option to automate each process as required.

Charles Marston, Chairman and CEO of Calypso Technology, Inc. commented: “Calypso’s back office functionality is broadly recognized as one of the true market leaders in terms of increasing processing efficiency and reducing the costs involved. The new cash management module is a compelling addition to our offering. It gives our customers the ability to meet the varied and specific requirements of their clients.”

Calypso Technology Expands in Asia

• Aaron Hallmark appointed Head of Professional Services in Singapore

Tokyo/Singapore/Sydney, 09 October 2006 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced that it has expanded its operations in Asia-Pacific in response to increasing demand for its software solutions within the region.

Aaron Hallmark has been appointed Head of Professional Services in Singapore, moving from Calypso’s New York operation to work with Singapore-based clients. August saw the opening of Calypso’s Mumbai office, headed by Manohar Uchil, for sales, support and development. Calypso opened an office in Singapore in 2005, and has had offices in Sydney since 2001 and Tokyo since 2002.

Calypso’s Asian clients include Mizuho, Sumitomo Trust & Banking (STB) and Pusan Bank, and during 2005, the company’s client numbers in the region doubled. Working with these clients has resulted in functionality being added to the system to handle some of the more specific requirements of banks in different Asian countries. For example, modifications were made to the accounting module to be compliant with Japanese GAAP and connectivity to MEPS+ has been added.

Charles Marston, Chairman and CEO of Calypso Technology, Inc. commented: “Asia Pacific is an important region for Calypso, as we are seeing increasing demand for sophisticated derivatives systems as well as Treasury software. Calypso provides a strong software solution for these areas, and our increasing client base is testament to this.”