BancWare News


                     E*TRADE Bank licenses SunGard solution
   BancWare to provide interest rate risk management with advanced analytics

SunGard Trading and Risk Systems today announced that E*TRADE  Bank has 
licensed
the BancWare suite of advanced analytical modeling products to manage interest
rate risk on its balance sheet.

E*TRADE  Bank is a $9 billion Internet bank that more than doubled its assets 
in

the  past  year.  It will use the advanced Option Adjusted Value-at-Risk 
(OAV@R)

analytics  of  BancWare  Viewpoint,  a product that will determine interest 
rate

risk  and market value for the Bank?s investment portfolio as well as across 
its

balance sheet.


Dennis  Webb,  senior  vice  president  and  risk manager of E*TRADE Bank, 
said,

?BancWare  offers  the  most  complete  risk  management  solution,  with 
strong

analytics,  excellent  reporting,  and  dynamic interfaces to third-party 
vendor

solutions. We will use the information from BancWare to plan business 
strategies

as   we   manage   risk/return  tradeoffs  from  our  assets,  liabilities,  
and

derivatives.?


Mr.  Webb  added,  BancWare?s emphasis on quality control sets it apart from 
its

competitors.?


E*TRADE  Bank  will also install BancWare Convergence, an integrated 
forecasting

and  interest  rate  risk  management  system,  and  BancWare  Insight,  a  
data

collection,  transformation  and management system with a funds transfer 
pricing

option.


Terence  Faherty,  chief  operating officer of SunGard?s BancWare business 
unit,

said,   ?BancWare  has  long been recognized as a leading provider of 
integrated

risk  and  planning  solutions.  Our  asset/liability  management  and 
financial

planning   solution  is  used  by  more  than  200  banks  and  other  
financial

institutions  in  over  28  countries.  Our clients rely on us to offer 
complete

solutions,  from  data integrity to advanced analytics, supported by our 
quality

assurance  and  outstanding  client  services.   We are pleased that E*TRADE, 
an

innovator  in  brokerage,  and  now  in banking, chose BancWare for all of 
these

reasons.?





About E*TRADE Bank


E*TRADE  Bank  is  a wholly owned subsidiary of E*TRADE Group, Inc.  Deposits 
at

E*TRADE  Bank  are  insured  up  to  $100,000  by  the FDIC. E*TRADE Bank is 
the

nation?s largest pure-play Internet bank and is the only pure-play Internet 
bank

to  be  ranked  among the top 19 federally chartered U.S. savings banks for 
both

assets  and  deposits based on FDIC data. As of September 30, 2000, E*TRADE 
Bank

had  over  $9.0  billion  in  assets,  $4.6 billion in deposits and over 
290,000

customer   accounts.   E*TRADE   Bank  can  be  accessed  at  etradebank.com  
or

1-800-ETBANK-1.

About E*TRADE Group, Inc.

E*TRADE  is  a  global  leader  in  online personal financial services, 
offering

value-added  investing,  banking and research features, premium customer 
service

and  a  redundant, proprietary Stateless ArchitectureSM infrastructure. 
Lafferty

Internet  Ratings  recently rated E*TRADE as the number one global online 
broker

(9/00).   In  addition  to  the  U.S.,  E*TRADE  presently  serves  customers 
in

Australia,  Canada,  Denmark,  Japan,  Korea, New Zealand, Norway, Sweden, 
South

Africa,  and  the  U.K.,  through  branded  web sites.  E*TRADE Securities, 
Inc.

(Member  NASD/SIPC), and its parent company, E*TRADE Group, Inc. have offices 
in

Northern  California  and  in  other  major  business  centers  in  the U.S. 
and

worldwide.  E*TRADE  and  the  E*TRADE logo are registered trademarks of 
E*TRADE

Securities



About BancWare and SunGard

BancWare?s  asset/liability  management  and  financial  planning  solutions 
are

developed and marketed by SunGard Trading and Risk Systems, an operating unit 
of

SunGard  (NYSE:  SDS)  is  a  global  leader  in  integrated  IT  solutions  
and

eProcessing  for  financial services.  SunGard is also the pioneer and a 
leading

provider  of  high-availability  infrastructure  for  business continuity.  
With

annual revenues in excess of $1 billion, SunGard serves more than 10,000 
clients

in  over 50 countries, including 47 of the world?s 50 largest financial 
services

institutions.  Visit SunGard at www.sungard.com.








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