It will
help ensure that their treasury needs are met both today and into the
future. It also has a
large number of international corporate clients, particularly in the
northern European markets.

researchandmarkets .

In the Antarctic region Bouvet Island and Peter I Island are claimed as dependencies.

demography akershus

The integration of the AvantGard-ETX secure messaging
network and Danske Bank's significant range of cash management
services will help treasurers in the Nordic region to achieve the
efficiency of Internet-enabled straight-through processing for a range
of payment and reporting services.

vestfold akershus

agder hedmark

Business Editors

LONDON----

AvantGard-ETX Provides Direct Access to Danske Bank Cash
Management Services

SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS)
and Danske Bank today announced a strategic partnership that will
provide SunGard's customers with direct access, from their AvantGard
treasury management systems, to Danske Bank's cash management
services.sungard.

aust nordland

"
A. In Denmark, Norway and Sweden, the
Group serves almost three million retail customers and a significant
part of the corporate, public and institutional sectors.newscom.

rogaland vestfold

"
Martin Boyd, executive vice president EMEA, SunGard Treasury
Systems, said, "This is an excellent opportunity for our customers
both in the Nordic region and internationally to help simplify their
cash management processes through the direct integration that
AvantGard -ETX provides with Danske Bank's cash management services and
electronic banking system, Business online.sungard.com/treasury

About SunGard

SunGard is a global leader in integrated software and processing
solutions, primarily for financial services. or
its subsidiaries in the U.

agder akershus

The following topics are covered in this study:

- The fusion perspective
- Institutional dimensions
- Polity aspects
- Policy dynamics
- Case study: monetary policy
- Case study: security policy
- Reflections in 2003

For more information visit
http://www.

svalbard fjordane

Moller-Maersk, the largest corporate business in Denmark with
2003 net revenues in excess of DKK 157 billion, and a customer of
Danske Bank, uses the AvantGard -Quantum treasury management system and
has recently gone live with AvantGard-ETX to send electronic payment
instructions directly to Danske Bank. Some 800,000 customers use the Bank's
online services .com

About SunGard Treasury Systems

SunGard Treasury Systems is a leading provider of treasury and
risk management solutions. Visit SunGard at
www.com

Trademark Information: SunGard , the SunGard logo and AvantGard are
trademarks or registered trademarks of SunGard Data Systems Inc . DUBLIN, Ireland, Research and Markets
(http://www. He is also Associate Fellow of the European Programme at Chatham House
(RIIA) and a Docent in Political science at Karlstad University in Sweden .

romsdal ndelag

researchandmarkets.

About the Author:
Lee Miles is Reader in European Politics, Jean Monnet Professor and
Director of Europe in the World Centre (EWC) at the University of Liverpool ,
UK.

The official name is Kingdom of Norway (Kongeriket Norge), a constitutional monarchy in northern Europe.

norway bouvet

All other trade
names are trademarks or registered trademarks of their respective
holders .

occupies svalbard

danskebank. SunGard also helps
information-dependent enterprises of all types to ensure the
continuity of their business.

buskerud vest

The application will also be
used to collect intra-day cash data."

About Danske Bank

Danske Bank is the largest bank in Denmark and a leading player in
the Scandinavian financial markets. SunGard solutions provide a
secure, real-time link between clients/subscribers and financial
institutions and other treasury service providers, offering the
straight through processing of treasury transactions and information
via Internet messaging.com/reports/c18523 ) has announced the addition
of Fusing With Europe? Sweden in the European Union to their offering.

The island Jan Mayen and the Svalbard archipelago are posessions of Norway in the Arctic.

stfold agder

com/cgi-bin/prnh /20040820/RESEARCH )
Informed by his profound knowledge of contemporary political affairs and
the current debate on European integration in Sweden, Lee Miles investigates
Sweden's experiences of being a full member of the European Union since 1995.

The country occupies the western and northern parts of the Scandinavian peninsula.

norway agder

Peter Storgaard, head of global cash management at Danske Bank ,
said, "This relationship will help ensure that we are able to provide
our mutual customers with an efficient and convenient method of
accessing vital account data and cash management services.

The Danske Bank Group - which
includes Danske Bank, BG Bank, Realkredit Danmark, Danica Pension and
a number of subsidiaries - offers a wide range of financial services,
including insurance, mortgage finance, asset management, brokerage,
real estate and leasing services. SunGard solutions offer
Internet /intranet-based currency and commodity trading and risk
management, while also integrating cash management and accounting
functionality within a single environment.

agder occupies

Research and Markets: Fusing With Europe? Sweden in the European Union

Widely regarded as one of the leading authorities on Scandinavian relations
with the European Union (EU), the author proposes a micro fusion perspective
offering an insightful new conceptual framework through which to understand
Swedish views on European integration and the influences on national EU
policy.

svalbard archipelago

SunGard and Danske Bank Combine to Deliver Treasury Straight -Through Processing for Nordic and International Customers

agder nordland

agder demography

For more information, visit
www.com
Fax: +353 1 4100 980

archipelago finnmark

For more information, visit www.
(Logo: http://www .

buskerud hedmark

Torben Winther, Maersk's director
of treasury management, said, "The direct connectivity to banks ,
avoiding bank workstations and browsers, gives us immediate decision
support capabilities. SunGard serves more than 20,000
customers in more than 50 countries, including the world's 50 largest
financial services companies. The volume also includes a Foreword by Wolfgang Wessels, Jean Monnet
Professor and the founder of the fusion theory.

norway archipelago

AvantGard-ETX helps corporations, in association with its exchange
partners, to achieve a holistic view of all global cash positions in
real time.

sogn vestfold

ndelag telemark

stfold telemark

P. and other countries.

bouvet occupies

AvantGard-ETX provides a secure real-time connection to help
customers benefit from Internet-enabled straight-through processing. SunGard (NYSE:SDS) is a member of the
S+P 500 and has annual revenue of $3 billion.com/reports/c18523

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.