September 30, 1998, New York. The New York City branch of Rabobank International and TechHackers have announced that they have completed the first phase of a project to develop a comprehensive front, back, and middle office production and management information system for Rabobank's growing Stable Value Product (SVP) business.
The SVP provides "book value" accounting for fixed income securities in a 401(k) Stable Value fund. The project will be completed by the end of the first quarter of 1999.

Rabobank, having gained leverage from its highly coveted AAA rated status, is one of the leaders in the SVP product market. The organization effectively utilizes its expertise to serve over 150 customers and to generate new business.

 

"This new system will allow us to consistently deliver a high quality product to our expanding customer base," said John Moroney, SVP Manager. "We are committed to the mission of creating real added value for our customers."

Sam Preston, Investment Banking Services Manager, added, "Development of this system is a crucial element of an infrastructure upgrade required to support our Global Investment Bank. SVP is particularly important in these periods of high market volatility"

Atul Jain, President of TechHackers commented, "We welcome the opportunity to partner with Rabobank, a significant global player."

TechHackers is a premier builder of securities trading and portfolio management software. In addition, they have a worldwide presence with over 3,000 financial institutions utilizing their flagship product, @nalyst.