Morgan Stanley Selects Thunderhead to Help Automate OTC Derivative Trade Confirmation Process


LONDON, April 25 -- Thunderhead, the leading provider of document generation technology, today announced that Morgan Stanley (NYSE:MS), one of the world's largest
diversified financial services companies, has selected the Thunderhead Document Generation Framework to help automate the creation of its OTC derivative trade confirmations.

Thunderhead's off-the-shelf solution will enable the trade confirmation process to become more streamlined and scalable, while reducing operational risk and delivering business user control to improve the time required to reach the document confirmation stage.

An important factor in the selection of Thunderhead's Document Generation Framework was its open standards architecture, which will enable Morgan Stanley to integrate Thunderhead with its trade confirm architecture to meet aggressive project timescales.

The implementation will enable multiple business groups to create and maintain a spectrum of trade templates bringing immediate business advantage through the reduction of the usual costs associated with manual document creation and amendments.

Thunderhead will permit business users to develop and maintain the whole spectrum of trade confirmations, both STP and non-STP. In addition, Thunderhead provides a full audit trail to ensure complete transparency of the trade confirm process.

"We are delighted that Morgan Stanley has selected Thunderhead Document Generation Framework to support and automate its Derivative Operations. We have developed Thunderhead to enable progressive organizations such as Morgan Stanley to adopt an enterprise wide strategy for trade confirmation generation," commented Glen Manchester, Thunderhead CEO.

Thunderhead's multi-channel capabilities enable users to produce documents in any format required by trading partners, be they print, fax or email, including counterparty settlements made via DTCC Deriv/SERV.

About Thunderhead

Thunderhead is the leader in the Document Generation industry, and is focused on the development of next-generation solutions that automate the creation and assembly of multi-channel business documents. Thunderhead's leadership position is built on two key propositions: Business User Control and a commitment to Open Standards, and is supported by a number of patented innovations. The Thunderhead platform automates the production of personalized or transaction-specific business documents that may be delivered by any number of different media channels (e.g. printed documents, fax, web,
email, SMS and industry specific XML schemas). These documents may be as varied as customer correspondence, quotations, insurance policies, employee documentation, or financial trade confirmations. Thunderhead numbers some of the world's leading financial services organizations as customers, and services its fast expanding customer base from offices in Europe, North America and Asia Pacific.

For further information please visit www.thunderhead.com

Source: Thunderhead Ltd

Press Contact:
Nikki Tyson,
Thunderhead,
Tel: +44-1707-621-443,
Email: ntyson@thunderhead.com

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