UN FCU Automates SecuritiesTrading

NEW YORK - (06/14/06) – United Nations FCU announcedMonday it has signed with FNX Solutions to install thecompany’s web-based Sierra ASP solution for cross-tradingoperations in the treasury and capital markets. Sierra ASP'sback-office capabilities will improve the efficiency andproductivity of the operational staff at the UN by allowingseamless processing of transaction life cycle events and postsub-ledger accounts. UN FCU will be able to expand their investmentportfolio into many currencies, accomplish STP from trade entrythrough to general ledger, and will receive more accurate andtimely information to assess risk.