BNP PARIBAS CHOOSES BROADRIDGE ADAPTER FOR PAPERLESS JAPANESE MARKETS

Posted March 17, 2008

LAKE SUCCESS, N.Y. – BNP Paribas Securities (Japan) Ltd. has signed a multi-year agreement to use the Broadridge JASDEC (Japan Securities Depository Center Inc.) Adapter offered by Broadridge Financial Solutions Inc. (symbol: BR) for BNP’s paperless equities operation.

The Broadridge JASDEC Adapter will allow BNP Paribas to meet compliance requirements under Japan’s new paperless equity regulations, taking effect in January 2009, that require stock certificates, convertible bonds and subscription rights to be deposited in paperless form at JASDEC. The Broadridge JASDEC Adapter will support BNP Paribas’ Japanese equities business for domestic clients as well as its clearing and custody operations performed for affiliates.

“The JASDEC Adapter provides a common platform with our back-office system, Broadridge’s Gloss, enabling us to achieve a high level of STP and operational efficiency,” says Ken Utsunomiya, Head of Operations Department for BNP Paribas Securities (Japan) Ltd. “Furthermore, there are significant cost savings in bringing the operation in-house by deploying the JASDEC Adapter.”

The JASDEC Adapter is an automated connectivity module for JASDEC’s Pre-Settlement Matching System, Book Entry Transfer System and Shareholder Notice System, using online, real-time TCP/IP and Zengin TCP/IP file transfer protocols. The JASDEC Adapter includes a user interface with enquiry functions, trade and settlement matching, reporting and a delivery prioritization monitor.