Federal Home Loan Bank of New York Selects Leading Collateral Management Solution...

Federal Home Loan Bank of New York Selects Leading Collateral Management Solution from Rockall Technologies

NEW YORK--(Business Wire)--Rockall Technologies, a leading financial services solutions
company, is delighted to announce that their collateral management
solution, STOC, was selected by the Federal Home Loan Bank (FHLBNY) of
New York. The FHLB New York will implement STOC to manage the eligible
securities and mortgage assets collateralizing advances to its member
banks. In addition to FHLB New York, the Rockall system has recently
been implemented at Wachovia and FHLB Boston. The system provides an
automated, proactive approach to the management and valuation of
liquid and loan book collateral.

FHLB New York's Senior Vice President of Collateral Services
Marianne Totaro announced the decision and explained, "Our mission is
to support our member community banks. Using Rockall's STOC system we
can offer enhanced collateral tracking to our members thereby helping
them to maximize their lending capacity."

Recent challenges in the lending markets have made the
implementation of loan collateral management systems more critical
than ever for financial institutions worldwide. As Rockall CEO Luke
Nestor explains, "Banks need first-rate collateral management to
ensure that their loan books are well managed over the long term, from
a regulatory and a business perspective. Rockall is the partner of
choice to deal with these challenges."

With the need to upgrade its current collateral technology, Ms.
Totaro, undertook the due diligence on behalf of FHLB New York. "STOC
is the right solution for us for a number of reasons; Rockall's
approach to solution development and implementation is familiar to us,
their consulting team is professional and capable, and we are
comfortable that the end product will provide us with the range of
functionality we need today and into the foreseeable future," said Ms.
Totaro.

About Rockall Technologies:

Rockall Technologies www.rockalltech.com is an international
software solutions company with offices in Dublin, Ireland and the
USA. Rockall has over 15 years experience providing lending and
collateral management solutions to strategic partners in the global
financial services market. Rockall's products fulfill an
organization's need for recording, managing and systematic tracking of
liquid and loan book collateral. Rockall clients include Wachovia and
FHLB Boston in the US, and National Australia Group, Allied Irish
Bank, Bank of Ireland and Northern Bank internationally. For more
details on Rockall clients and solutions go to
http://www.rockalltech.com/page222.html.

About FHLB New York:

The Federal Home Loan Bank of New York ("HLB") helps community
lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin
Islands advance housing and community growth. The HLB is part of the
congressionally chartered, nationwide Federal Home Loan Bank System
which was created in 1932 to provide a flexible credit liquidity
source for member community lenders engaged in home mortgage and
neighborhood lending. The HLB increases the availability of mortgages
and home finance to families of all income levels by offering
high-value finance, correspondent and cash management services to
assist our customers in more effectively serving their neighborhoods
and meeting their Community Reinvestment Act responsibilities.

Rockall Technologies
Fred Pruitt, 1-904-613-8805
fred.pruitt@rockalltech.com

Copyright Business Wire 2008