NEW YORK and LONDON, September 12 /PRNewswire/ --

- The Capco Institute Provides a Comprehensive Analysis of How Complex
Securities are Engineered, Traded, Settled, and Cleared.

The Capco Institute published today its 20th edition of the Journal of 
Financial Transformation. In this anniversary issue, The Capco Institute 
provides a comprehensive analysis of how complex securities are engineered, 
traded, settled, and cleared. The Journal of Financial Transformation has 
once again gathered a number of the world's foremost experts in pricing and 
structuring complex securities as well as the leading authorities in 
operational risk.

Rob Heyvaert, Founder and Chief Executive Officer, Capco,
states: "This 20th edition of our Journal of Financial Transformation has
once again proven to be a solid base for in-depth information on one of the
specialized topics we at Capco are working on a daily basis. The Journal
helps its readers to broaden their specialist knowledge with our insights and
that of other experts in the field, a task it has successfully fulfilled for
twenty editions now."

About this issue

In recent years there has been a proliferation of complex
financial instruments across the world of finance. Many acknowledge that even
the leading experts have difficulties understanding how some of these
products are created. Of course, the problem is not only how these
instruments are created and traded, but also how they are settled and
cleared. While developments have been quite impressive in the field of
settlement and clearing of financial products in recent years, there is still
a way to go yet, especially when it comes to very complex products. In this
20th issue, the Journal attempts to provide an in-depth assessment of how a
number of the most famous new financial products are engineered and how
financial institutions can best prepare themselves to settle and clear them.

Dr. Shahin Shojai, Director of Strategic Research at Capco, and Editor
the Journal of Financial Transformation, said, "Not a day goes by that
investors ask themselves whether they really understand most of the products
they invest in. The complexities of many new instruments are just too great
for most investors, even the most proficient. This 20th issue of the
aims to help investors get a better understanding of how these instruments
are engineered and to be able to recognize substance from marketing. Of
course, while the exciting part is how these instruments are created, the
reality is that they also need to be settled and cleared. We are fortunate to
have some of the leading experts in this field, and sadly there are not that
many, who share with us their perspectives on this issue."

Award winning authors

Remaining true to the Journal's tradition of publishing perspectives from
winners of the Nobel prize, this issue of the Journal also has contributions
from Professors Gary S. Becker, one of the best known and most respected
economists in the world and the man widely credited with extending the domain
of economic theory to aspects of human behaviour, and Edward C. Prescott,
widely credited for the decision by the governments of U.K. and New Zealand,
among others, to give independence to their central banks, by demonstrating
that when a commitment towards low inflation is declared by policy makers,
expectations of low inflation and unemployment might be created in the
economy.

Availability

This issue of the Journal, as with previous issues, is available online
by registering at http://www.capco.com/journal.html.

About The Journal of Financial Transformation

'The Journal of Financial Transformation' is dedicated to the
advancement of leading thinking in the field of applied finance. The Journal,
which provides a unique link between scholarly research and business
experience, aims to be the main source of thought leadership in this
discipline for senior executives, management consultants, academics,
researchers and students. The Journal is supported in this effort by an
illustrious editorial board.

The Journal of Financial Transformation is an American
Economic Association accredited publication. The Journal is available online
by registering at http://www.capco.com/journal.

For further information, interviews with authors, approvals to
excerpt or cite articles, and to receive hardcopies of the Journal of
Financial Transformation, please contact the Editor, Shahin Shojai
(editor@capco.com).

About The Capco Institute

The Capco Institute is the research and publishing arm of
Capco, the global provider of consulting and managed services to the
financial services industry. The Capco Institute commissions and publishes
original research and leading thinking. Through the editorial board of its
'Journal of Financial Transformation', the Capco Institute also maintains
productive relationships with academic partners around the globe.

About Capco

Capco is the global provider of integrated transformation
services to the Financial Services Industry. With offices in North America,
Europe and Asia, Capco provides integrated Consulting, Technology and Managed
Services activities. Capco combines its exclusive focus on financial services
with a Global Delivery Model.

Our Service Offerings are engineered by financial services
experts exclusively for the Financial Services Industry. As pioneers of
transforming operational capability and efficiency, we help clients
successfully increase revenue, reduce costs and enhance control. We merge
innovative thinking with an unrivalled knowledge of our industry. For more
information, please visit http://www.capco.com.