Northern Trust Launches PassportLink to Enhance Automation and STP in Trade Matching for Asset Servicing Clients

LONDON, May 29 /PRNewswire/ --

Northern Trust has launched PassportLink, an advanced system integration
tool that offers a plug-and-play technology solution, enabling asset
servicing clients to seamlessly communicate trade messages and reporting data
between their internal front-office systems and Northern Trust's custody
systems, thus increasing operational efficiencies.

PassportLink was developed as part of Passport, Northern Trust's online,
institutional-client data delivery platform and has been designed to be used
in conjunction with Northern Trust's Web Trade Services solution which offers
automatic trade matching. Providing a two way data exchange, PassportLink
allows clients to transmit settlement instructions or pre-matched trades from
any order management system to Northern Trust's Web Trade Services solution.
Conversely, Northern Trust can transmit reporting information such as
holdings, cash or income data to their client's underlying systems.

"PassportLink is an extension of Northern Trust's outsourcing solution
and offers clients who are not members of the SWIFT network an alternative
method of communication that is equally robust, flexible and broad in
coverage," said Peter Cherecwich, head of Global Product and Strategy for
Northern Trust's asset servicing business. "This translates into key benefits
for clients around reducing their manual processes and, therefore,
operational risk, through improving automated trade capture and increasing
straight-through-processing."

Northern Trust has developed PassportLink to be compatible with a full
range of front office asset servicing systems and it has already been tested
and implemented successfully in conjunction with SimCorp Dimension and Wall
Street Systems.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, fiduciary and banking
solutions for corporations, institutions and affluent individuals worldwide.
Northern Trust, a multibank holding company based in Chicago, has a growing
network of 85 offices in 18 U.S. states and has international offices in
15 locations in North America, Europe and the Asia-Pacific region. As of
March 31, 2008, Northern Trust had assets under custody of US$4.0 trillion,
and assets under investment management of US$778.6 billion. Northern Trust,
founded in 1889, has earned distinction as an industry leader in combining
exceptional service and expertise with innovative products and technology.
For more information, visit http://www.northerntrust.com.

-- Where Northern Trust's UK entities undertake regulated business, they
       are authorised and regulated in the United Kingdom by the Financial
       Services Authority.
    -- Northern Trust operates in Australia as a Representative Office and is
       regulated by The Australian Prudential Regulatory Authority (APRA).
    -- Northern Trust in Hong Kong is a securities company regulated by the
       Securities and Futures Commission.

Web site: http://www.northerntrust.com