Corero Network Regulatory News (CNS)

5 Sep 2006 07:04

Mondas PLC05 September 2006 Mondas plc ("Mondas") Radica CAPS goes live at Panmure Gordon Fully integrated Corporate Actions solution successfully implemented in undertwelve weeks Mondas plc, the AIM listed Financial Markets software specialist is pleased toannounce that Panmure Gordon & Co, a leading corporate and institutionalstockbroker, has gone live with Radica CAPS, which delivers a fullinstitutional, end-to-end, STP corporate actions solution, following animplementation that lasted less than twelve weeks. Radica CAPS 4 is now providing a true end-to-end solution for Panmure Gordon,linking Straight Through Processing of outcomes to their back officesystem,GLOSS. The system also provides SWIFT Messaging, Data Vendor Feedcapture, Data Scrubbing, Entitlement Calculation, Diary Management, Workflow andNotifications. Nick Cook, Head of Operations at Panmure Gordon, said: "I have been very pleasedwith the fast and efficient implementation of Radica CAPS. Both implementationteams from Panmure and Mondas have been dedicated to meeting the goals set atthe beginning of the project. It proves that with effective project managementand commitment from both sides, projects of this nature can be a great success.We now have a true end to end STP solution for our Corporate event processing." Jarlath McGee, Chief Executive of Mondas PLC added: "This just demonstrates howquickly a true STP implementation of a complex system can be successfullydelivered. Success was achieved through a combination of a robust and provenproduct, a well-planned project executed by an experienced and committed teamfrom both client and vendor. This approach ensured that all the stringentproject criteria project were met, including budget and timescales." 5 September 2006 ENQUIRIES: Mondas PLC Tel: 020 7392 1300 Jarlath McGee College Hill Tel: 020 7457 2020 Alex Walters Matthew Smallwood Editor's notes: Nick Cook of Panmure Gordon will present a full case history of thisimplementation, from needs analysis and vendor selection to 'going live', at4.00 pm on 14 September 2006 at the STP UK European Harmonisation Event at theCBI, Centre Point, London. Panmure Gordon & Co acts as corporate broker or adviser to over 90 companies andinvestment trusts providing sales and trading to institutional investors. Inaddition to Panmure Gordon producing research on over 250 companies and 300investment trusts it also makes markets in over 750 stocks and investmenttrusts. Mondas PLC's Financial Markets Division focuses on delivering asset-servicingsolutions for global corporate actions processing, financial research and clientreporting and the management of new issues and placings. Its key productsinclude Radica CAPS, Signal and Venture and the Blue Curve suite of Researchproducts. Mondas Radica CAPS is a proven solution that takes the corporate actions processfrom the front office, through the middle to the back, all in a true STPenvironment, offering benefits at each stage. Flexible, scalable, auditable,compliant, electronic and paperless, the modular design covers a comprehensiverange of corporate actions processing requirements (including dividends andmanufactured overseas dividends) from electronic capture of event notifications,entitlement calculation, through election decision capture to outcome update.Radica CAPS clients include, Credit Suisse Investment Bank, Credit Suisse AssetManagement, Brewin Dolphin, Man Financial, Close Wealth Management and J.M. Finn& Co. Ltd This information is provided by RNS The company news service from the London Stock Exchange