ITEL IT&E

RNS Number:7217J
IT&e Limited
12 December 2007

12 December 2007                                            ASX/AIM Announcement

                                  IT&e Limited
                           ("IT&e" or "the Company")

                        Calyon AAA Program Selects Razor

The Board of IT&e Limited (ASX: ITE, AIM: ITEL), a leading technology solutions
provider to the global financial markets, is pleased to announce the selection
of IT&e's Razor risk solution by Calyon New York Branch. The signed contractual
license is for the latest 64-bit version of Razor. The software will be
implemented to support the requirements of the Bank's regulated AAA derivatives
trading program. Razor will measure and report market risk, integrated market
and credit risk, counterparty credit risk, and economic capital. It will also be
used to perform the multiple complex margin calculations required by each
regulatory agency, and will support portfolio decision making via Razor's
powerful what-if analytical capability.

Calyon's decision to select Razor was made after a thorough evaluation of
available vendor solutions and a comprehensive on-site feasibility study. Its
goal was to identify a provider that could meet the Bank's unique calculation
requirements related to the AAA program without requiring customised
development, while also being able to seamlessly and openly integrate with
existing infrastructure. Razor's design is well suited to the mandate because it
has a highly configurable business rules framework coupled with a high
performance simulation engine. The openness and performance of the proposed
solution will also allow Calyon to leverage its significant in-house
quantitative capability by incorporating proprietary analytics into the system.

James Maranis, CEO of IT&e said, "We are extremely pleased to have demonstrated
Razor's ability to adapt to the unique risk management needs of Calyon's AAA
program. They are an esteemed global financial institution with an enviable
reputation as an innovator in the derivatives marketplace. This win represents
another significant milestone in the Company's global expansion strategy, and we
look forward to executing the implementation related to this mandate in the
coming months."

- END -

Enquiries/Additional Information:

IT&e

Oliver Carton - Company Secretary: +61 412 149 118
James Maranis - CEO: +61 2 9236 9427
John Groetch - COO (Americas): +1 212 683 9445

Grant Thornton Corporate Finance
Fiona Owen: +44 20 7383 5100

Media Enquiries:
Abchurch Communications
Georgina Bonham / Joanne Shears                        Tel: +44 (0) 20 7398 7700
joanne.shears@abchurch-group.com                          www.abchurch-group.com
------------------------

About IT&e Limited

IT&e is a technology company dual listed on the Australian Stock Exchange and
AIM Market of the London Stock Exchange, specialised in providing solutions to
the global Financial Services markets.

IT&e offers three flagship products, RAZORTM NextSetPTXTM and Monarque(R), to
financial institutions. RAZOR enables organisations to effectively address their
market, credit and liquidity risk management requirements, both on an enterprise
and a departmental basis. Razor clients include ANZ, HSBC, ASX, Federal Home
Loan Bank, Pittsburgh, Man Group plc and RBC. PTX enables on-line trading of
over the counter securities across multiple asset classes (Securities, Money
Market, FX, etc.) PTX clients include NAB, ANZ and QTC. Monarque supports
trading and treasury management at major banks and broking houses, and comprises
modules designed to automate front-office functions. Monarque clients include
Brown Brothers Harriman, Bear Stearns and the Chicago Mercantile Exchange.

IT&e is headquartered in Sydney with offices in Melbourne, London, New York and
Chennai, offering a highly skilled team of specialists, providing technology
services across the financial markets and risk management business areas.

For further information about IT&e please visit our website at http://
www.ite-fs.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCOKBKDCBDKBBD

IT&E (LSE:ITEL)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024

IT&E (LSE:ITEL)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024