26 April 2008

Forum Digital successfully completed the implementation of the new primary dealer reporting module at the Hungarian Government Debt Management Agency Pte Ltd.

The project involved the migration of the legacy reporting application and the implementation of the new module on the Xpose2 Platform. The new reporting module fully supports both the legacy proprietary incoming reporting format and the standardized incoming reporting format proposed by the Economic and Financial Committee on European Union Government Bonds and Bills Markets.

The new module covers the entire workflow of primary dealer reporting from the processing of incoming reports through reporting activity tracking to the creation of summary internal reports to support the monitoring and analysis of primary dealer activity. The module supports both regular and ad hoc reporting on primary dealer activity thus significantly increased the efficiency of the monitoring and analysis processes.

The implementation completed within the timeframe initially indicated during the planning stage and neither the human resource needs nor the associated expenses exceeded the initially indicated levels.