Sapient Global Markets Extends Compliance Management and Reporting System with Addition of Portfolio Reconciliation

  Sapient Global Markets Extends Compliance Management and Reporting System
  with Addition of Portfolio Reconciliation Capabilities

  Strategic Expansion of CMRS Platform Allows Firms to Comply with Portfolio
      Reconciliation Requirements set by Dodd-Frank and EMIR Legislation

Business Wire

SINGAPORE -- April 24, 2013

Sapient Global Markets, part of Sapient (NASDAQ: SAPE) has today announced the
ability for its popular Compliance Management and Reporting System (CMRS) to
facilitate portfolio reconciliation. CMRS allows firms to collate vast amounts
of data from disparate systems, apply reporting eligibility logic, translate
it into the destination message format, and deliver it directly to Swap Data
Repositories (SDRs) such as The Depository Trust & Clearing Corporation
(DTCC).

The news was announced from the 28^th annual International Swaps and
Derivatives Association General Meeting (ISDA AGM) in Singapore, which begins
today.

In accordance with Dodd-Frank and EMIR requirements, portfolio reconciliation
is a critical tool for managing risk. Sapient Global Markets has met client
demand with new functionality that allows firms to leverage CMRS in order to
alert users to changes in given portfolios by comparing descriptions of the
portfolio content provided by each participant.

CMRS establishes a common enterprise platform to manage and publish reporting
requirements to various regulatory agencies. It enables customers to configure
reporting rules, manage varied data sources, apply filtering, exception and
aggregation rules and configure destination reports in the required format. It
also allows clients to trace and track data being reported throughout the
compliance reporting lifecycle, providing much needed visibility into
compliance positions at any point in time.

“Trade reporting for swaps is proving to be a challenge with multiple SDRs and
confusion over who should assume responsibility for reporting a trade,” says
Will Rhode, director, Fixed Income Research, TABB Group. “Solutions that help
reduce report complexity will be welcomed by an industry grappling with
multiple new compliance pressures.”

Dodd-Frank and EMIR rules require swap dealers and major swap participants to
adhere to certain standards for the timely and accurate confirmation of swap
transactions and for the reconciliation and compression of swap portfolios.
Confirmation, portfolio reconciliation, and portfolio compression have been
recognized as important post-trade processing mechanisms for mitigating risk
and improving operational efficiency.

“The additional functionality of portfolio reconciliation is a natural
extension of the CMRS platform and is essential given heightened global
regulatory pressures and a more complex market model where some derivatives
trades will be centrally cleared while others remain bilaterally traded,” said
Arun Karur, vice president, Sapient Global Markets. “CMRS enables our clients
to further centralize their external communications and compliance efforts to
achieve a single view of their compliance status combined with a streamlined
method for identifying trades to be reported and translating data from
multiple sources into the format required by each of the different
regulators.”

Sapient Global Markets will be once again be a lead sponsor of the ISDA AGM,
taking place this year in Singapore. Sapient Global Markets will be on siteto
discuss the impact that regulatory change is having on the capital and
commodity markets, and how leading firms are using it to create new
opportunities and improve performance.

About Sapient Global Markets

Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading
provider of services to today’s evolving financial and commodity markets. We
provide a full range of capabilities to help our clients grow and enhance
their businesses, create robust and transparent infrastructure, manage
operating costs, and foster innovation throughout their organizations. We
offer services across Advisory, Analytics, Technology, and Process, as well as
unique methodologies in program management, technology development, and
process outsourcing. Sapient Global Markets operates in key financial and
commodity centers worldwide, including Boston, Chicago, Houston, New York,
Calgary, Toronto, London, Amsterdam, Düsseldorf, Geneva, Munich, Zurich, and
Singapore, as well as in large technology development and operations
outsourcing centers in Bangalore, Delhi, and Noida, India. For more
information, visit www.sapientglobalmarkets.com.

Sapient is a registered service mark of Sapient Corporation.

Contact:

Sapient Global Markets
Matt Pennacchio, +1-646-520-2737
mpennacchio@sapient.com
 
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