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NRI to provide post-trade utility service to UBS

Sep 14. 2015

TOKYO – September 14, 2015 - Nomura Research Institute (NRI), a leading provider of consulting services and system solutions, announced NRI will begin providing its Prime Settlement Service (PSS) to UBS Securities Co., Ltd. (UBS) from November 2015.

PSS is a utility service for financial institutions, integrating both BPO (business process outsourcing) and ITO (information technology outsourcing) services to improve the efficiency of back-office post-trade processes.

UBS will initially utilize PSS for its post-trade processes related to Japanese equities and Japanese bonds from November 2015. It will subsequently start using PSS for Non-Japanese equities and bonds trades from the target date of summer 2016.

PSS's ITO component is NRI's I-STAR*1, a de-facto-standard system used by over 40 companies in Japan's investment banking sector. PSS's BPO services will be jointly provided by NRI and its subsidiary NRI Process Innovation, Ltd (NRI-PI). NRI-PI's current and former BPO clients includes 44 asset management companies. By integrating BPO and ITO services, PSS enables its financial institution partners to standardize their business processes, improve back-office efficiency and flexibly adapt to regulatory and infrastructural changes.

Utility services such as NRI’s PSS have been recently gaining popularity around the world. PSS enables financial institutions to improve the efficiency of their back-office and IT business processes. NRI plans to roll out similar utility service offerings for other investment banks.

*1 I-STAR: An NRI multi-user service for wholesale securities brokers. It enables users to flexibly accommodate new products and regulatory and infrastructural changes in addition to reducing IT ownership and operating costs relative to in-house systems. For more details, see http://fis.nri.co.jp/en/service/list/F-J/I_STAR.html.