3 June 2008:  HSBC, one of the world’s largest banking and financial services organizations, has chosen 42™ for its UK-based leasing and asset finance operations. HSBC will use 42 for its equipment finance business across Great Britain, Northern Ireland and the Channel Islands.

Northern Arch is delivering 42 in partnership with SunGard, an existing supplier to HSBC. A multi-currency solution that supports taxation, accounting and regulatory conventions internationally, the software allows HSBC to manage its operations across multiple subsidiaries and locations. 42 technology enables all tasks – from origination through to securitization – to be managed in a single system, using one database.

Derren Sanders, Head of Equipment Finance at HSBC's Commercial Banking business, said: "When the opportunity arose for SunGard to deliver our leasing software, the strong existing relationship between us meant that we felt confident that it would be the right choice. With the offering from SunGard and Northern Arch, we are looking forward to quicker processing, greater automation and a solution that will help our leasing and asset finance operations to explore new boundaries".

Lester Singleton, founder and chief executive officer at Northern Arch, said: "We are very pleased that HSBC has selected our software through this joint venture with SunGard. The solution will help HSBC to develop new business opportunities, capitalise on existing opportunities through more efficient end-to-end processing, and provide Web-based access to customers and business partners."

Ken Dummitt, president of SunGard's banks and corporations business, said, "We are pleased that HSBC decided to extend its relationship with SunGard. The combination of specialist software that is developed by a niche provider and delivery by an experienced, global team from SunGard is the best of both worlds for an organisation like HSBC that continually strives to pioneer best-practices banking."

About HSBC Bank plc (www.hsbc.co.uk)

HSBC serves 15.6 million customers in the UK and employs more than 40,000 UK staff. HSBC is Britain's most recommended big bank. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc, and a member of the HSBC Group.

About Northern Arch

Northern Arch is a global provider of asset finance, fleet management, and consumer credit software. The team has successfully developed and delivered sophisticated financial technology solutions since 1989.

About AvantGard

SunGard's AvantGard is a leading liquidity management solution for corporations, financial institutions and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around treasury, receivables and payments management. The solution aggregates data for a single view of cash, drives productivity through automation, and fosters collaboration between trading partners. For more information, visit www.sungard.com/avantgard.

About SunGard

With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: Northern Arch, the Northern Arch logo, and 42 are trademarks or registered trademarks of Northern Arch International Ltd. or its overseas subsidiaries. All other trade names are trademarks or registered trademarks of their respective holders.