Brandes Investment Partners, L.P. Licenses XSP™ Solution for Global Corporate Actions Automation

Sept. 24, 2007 - PRLog -- XSP, the leading global provider of Corporate Actions software, announced today that Brandes Investment Partners, L.P. (“Brandes”), a leading global investment advisory firm with $125 billion in assets under management as of June 30, 2007, has licensed the XSP™ solution for global Corporate Actions processing. Brandes will also roll out the eTRAN™ (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for the automated notification of Corporate Actions to fund managers, the electronic capture of responses for voluntary and optional events, and the automation of instructions to its global custodian and prime broker networks.

The XSP application is ISO 15022 compliant and features comprehensive data management components, workflow management modules, web and SWIFT ISO messaging for client notification and response capture, and complete entitlement processing. Utilizing its rules-based, data-scrubbing engine with built-in exception handling capabilities, the XSP software captures and sanitizes data from multiple market, vendor and custodian data sources. Through extensive workflow tools, tasks are automatically routed to designated parties to handle the required action. XSP’s web-based eTRAN module offers the ability to track event notifications and elections by generating notifications to intermediaries for desired elections. Instructions are automatically reconciled, delivered to global custodians and updated to back-end systems for entitlement processing.

After a careful review of the solutions in the marketplace, Brandes made the decision to sign with XSP because of the product’s proven functionality as well as the company’s established track record, subject matter expertise and active involvement in industry initiatives, such as ISITC and SMPG. XSP’s continuous investments in technology and product functionality to enhance its offerings were also factors in Brandes’ decision. The eTRAN module will automate notifications and responses internally with its research analysts, while the XSP ISO messaging module will streamline communications with custodians and broker/dealers.

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, “This new account win is extremely exciting for XSP as Brandes Investment Partners is one of the largest private asset managers in the U.S.  They are a well-respected name in the business with a philosophy of practicing long-term strategy in their investment process. With the XSP software, they will continue to serve the best interest of their clients by implementing a solution that automates their Corporate Actions process. Whether their clients are internal or external, the notifications and response processing of elections will be streamlined via our eTRAN and XSP ISO messaging modules. We are delighted to welcome Brandes as our latest XSP client and look forward to working with them to enhance their Corporate Actions operations.”

About Brandes Investment Partners
Brandes Investment Partners, L.P. is a U.S. registered investment advisor.  Located at 11988 El Camino Real, Suite 500, San Diego, California, 92130, Brandes managed $125 billion on behalf of institutional and individual investors, as of June 30, 2007.

About XSP
XSP is the leading provider of Corporate Actions automation software for the global financial services industry. Accredited with the SWIFTReady Gold label, the XSP platform is ISO 15022 compliant and proven to mitigate the operational risks and costs associated with Corporate Actions processing. This leading-edge solution features an extensive workflow module and robust data management tools. XSP’s web-based eTRAN and ISO messaging modules automate the client notification and response capture and reconciliation of elections on complex Corporate Actions events. The XSP Entitlement Management module completes the Corporate Actions processing lifecycle for true end-to-end STP. With 60 global clients, the XSP software is the most widely-implemented Corporate Actions solution in the world.

For more information, please visit us at www.xsp.com.

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About XSP
XSP is the leading provider of Corporate Actions automation software for the global financial services industry. Accredited with the SWIFTReady Gold label, the XSP platform is ISO 15022 compliant and proven to mitigate the operational risks and costs associated with Corporate Actions processing.

Website: www.xsp.com