BISYS(R) Alternative Investment Services and T-Zero Create Strategic Alliance to Provide Leading Credit Derivative Affirmation S

  
    
  
  
    
      BISYS Alternative Investment Services, a leading global provider of 
      administrative, accounting and tax services for the hedge fund and 
      private equity industry, today announced a new strategic partnership 
      with T-Zero, a credit derivative market leader in trade affirmation. 
      T-Zero provides a leading post-trade affirmation and connectivity 
      platform for the Credit Default Swap (CDS) market.
    
    
      The BISYS Alternative Investment Services partnership with T-Zero 
      facilitates integrated processing with a system that supports the drive 
      for automation in the fast-growing derivatives market. T-Zero provides 
      an easily adaptable post-trade affirmation and messaging service that 
      confirms trades prior to processing in order to ensure accurate trading 
      details. T-Zero provides a core level of connectivity between clients, 
      brokers and the BISYS platform that enables straight-through-processing 
      (STP) for a key over-the-counter (OTC) investment product.
    
    
      “In partnering with T-Zero, BISYS again 
      demonstrates its commitment to clients’ 
      trading complex strategies and instruments,” 
      said Mary Lumetta, vice president of BISYS Hedge Fund Services. “We 
      have expanded our STP model to further automate the processing of OTC 
      products. T-Zero provides us with a consistent trade source that allows 
      us to quickly set up and automate the processing of trade files. The 
      integration of T-Zero into our product suite provides better operating 
      controls and proactively addresses issues before they become problems 
      for both us and our clients.”
    
    
      “T-Zero is very excited to be partnering with 
      BISYS in this way,” said Mark Beeston, 
      president of T-Zero. “As a major player in 
      the derivative fund administration space, BISYS is clearly committed to 
      improving the quality of operational processing for their clients, and 
      we are pleased that the T-Zero affirmation process is a key part of that.”
    
    
      About T-Zero
    
    
      T-Zero is the credit derivative market leader in trade 
      affirmation and agnostic connectivity. The T-Zero platform ensures 100% 
      accuracy of trade capture on trade date, greatly reducing operational 
      and settlement risks and paving the way for sustained future growth in 
      the industry.
    
    
      T-Zero’s “agnostic 
      connectivity” enables electronic delivery of 
      trade data to virtually any downstream system and market service 
      provider including DTCC Deriv/SERV, GlobeOp, Calypso and Thunderhead, 
      either through a stand alone system or through your Bloomberg 
      PROFESSIONAL terminal. T-Zero also provides straight-through-processing 
      services for the market leading e-trading platforms of Creditex and BGC 
      partners.
    
    
      A truly open communications platform, T-Zero connects market 
      participants including major credit derivatives dealers, hedge funds, 
      asset managers, prime brokers, fund administrators and documentation 
      execution providers. Visit www.tzero.com 
      for more information.
    
    
      About BISYS Alternative Investment Services
    
    
      BISYS Alternative Investment Services is a leading global provider of 
      administrative, accounting, advisory, and tax services for the 
      alternative investment industry with over $225 billion in assets under 
      administration. BISYS provides innovative and tailored solutions to 
      approximately 500 clients and over 1,500 funds, including hedge funds, 
      private equity funds, fund-of-funds, and other alternative investment 
      products. BISYS Alternative Investment Services is a division of The 
      BISYS Group, Inc.
    
    
      About BISYS
    
    
      The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that 
      enable investment firms and insurance companies to more efficiently 
      serve their customers, grow their businesses, and respond to evolving 
      regulatory requirements. Its Investment Services group provides 
      administration and distribution services for mutual funds, hedge funds, 
      private equity funds, retirement plans, separately managed accounts, and 
      other investment products. Through its Insurance Services group, 
      BISYS is the nation’s largest independent 
      wholesale distributor of life insurance and a leading independent 
      wholesale distributor of commercial property/casualty insurance, 
      long-term care, disability, and annuity products. Additional information 
      is available at www.bisys.com.
    
    
      Except for the historical information contained herein, the matters 
      discussed in the press release are forward-looking statements within the 
      meaning of the safe-harbor provisions of the Private Securities 
      Litigation Reform Act of 1995. These forward-looking statements are 
      based on management's current reasonable expectations and are subject to 
      certain assumptions, risks, uncertainties and changes in circumstances 
      due to future events as well as changes in economic, competitive, 
      regulatory and/or technological factors affecting BISYS’ 
      business, including, without limitation, the ongoing government 
      investigations and litigations involving the company. More detailed 
      information about risk factors that could cause actual results to differ 
      materially are noted in BISYS’ periodic 
      filings with the Securities and Exchange Commission. These documents can 
      be accessed on BISYS’ website at www.bisys.com 
      under the “Investor Relations” 
      tab. Forward-looking statements are only predictions, not 
      guarantees of performance, and speak only as of the date they are made. 
      BISYS disclaims any obligation to update or amend these statements in 
      light of new information, future events or otherwise.