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* Dexia Bank Belgium selects intelliMATCH EP to consolidate automatic processing, reconciliation and exception processing; Emerging Markets Clearing Corporation begins processing corporate-debt issues from more than 50 emerging markets; Shadow Financial Systems announces the successful implementation of ShadoSuite.

SunGard eProcess Intelligence, an operating unit of SunGard, announced that Dexia Bank Belgium has selected intelliMATCH EP to consolidate automatic processing, reconciliation, and exception processing of: cash-nostro accounts, trades and holdings, FX and money-market confirmations, corporate actions, coupons, and static data, on one platform. intelliMATCH EP will replace its existing reconciliation systems to consolidate automated reconciliation and will provide a new facility for exception processing on a single platform.

Emerging Markets Clearing Corporation will begin processing corporate-debt issues from more than 50 emerging markets, following approval last week by the U.S. Securities and Exchange Commission. EMCC offers trade comparison, netting, settlement processing and risk-management systems that guarantee cross-border trades will be settled accurately. EMCC already provides these services for Brady bonds and other sovereign and quasi-sovereign debt issues.

Shadow Financial Systems, a provider of integrated back-office systems to the capital-markets industry, announced the successful implementation of ShadoSuite at Raymond James (Financial) & Associates, member New York Stock Exchange/SIPC. Raymond James chose Shadow to support multi-currency trade processing, clearing andsettlement for international transactions.

Milan-based UniCredit Banca Mobiliare, part of UniCredito Italiano Group, Italy's largest investment bank, completed updating its existing front-to-back Summit infrastructure. The bank has added the latest real-time STP capabilities, real-time hedging, credit and commercial-lending-instrument support, and a new Internet toolkit. The bank's new STP operations software will use Summit's real-time, event-driven trade-processing capabilities.

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