Further developments to Presto On-Line introduced

Deutsche Bank is pleased to announce the introduction of further developments to the Presto On-Line ARC+ module.

ARC+ represents Adoption, Reporting and Connectivity, the aim of which is to significantly streamline our clients' operations.

Adoption
For the first time, clients of our Jersey or Guernsey offices who wish to open a Company Account will be able to complete the required application online. An electronic version will be delivered to Deutsche Bank for review and comment enabling any amendments to be made online quickly and efficiently. Once an approved version is complete this can be printed and delivered to Deutsche Bank together with any required company documents. A template of the application can also be saved, enabling future applications to be further streamlined.

Reporting
The Reporting tool has been available since July 2004 and allows our clients to interrogate their close of business balances, as well as to search across their entire relationship and entire transaction history to view particular transactions matching their search criteria.

Results of these searches can be printed or exported to allow further automation within the client’s office, thereby enhancing efficiency.

Connectivity
The most important new feature of ARC+, called Presto Link, will enable Deutsche Bank to deliver transaction and balance files on a daily basis. The module, available only to designated staff, will provide all the necessary security and audit features and enable clients to retrieve up to 35 days worth of historic data. Clients will be able to tailor the content and order of the files produced.

By working in conjunction with our clients and their software vendors, the aim is for these data files to be interfaced directly into our clients' systems, for reconciliation and bookkeeping purposes. This will enable clients to fully or partially automate many of their manual processes and, therefore, potentially reduce their administration costs.

For more details on any of these enhancements or to arrange more detailed training please do not hesitate to contact your local Presto On-Line representative.