Mellon Trust Announces Major Enhancements to Workbench Custody Product

Browser-based Internet Product Now Offers Foreign Exchange Trading, Enhanced

Client Reporting, On-Line Global Securities Lending Reports, and Benefits

Disbursements Reference Materials to Institutional Clients



Apr 24, 2001, 01:00 ET from Mellon Financial Corporation

    BOSTON, April 24 /PRNewswire Interactive News Release/ -- Mellon Financial
 Corporation (NYSE:   MEL) today announced that Mellon Trust, a leading provider
 of trust and custody services worldwide, has launched a number of significant
 enhancements to Workbench, Mellon's Web-based reporting platform for its
 institutional clients.  These value-added enhancements include:
 
      -- e-IDealFX -- Mellon's automated Web-based foreign (FX) exchange
         trading product.  e-IDealFX provides for straight through processing
         of a client's FX requirements, including the ability to automatically
         upload/download trade related data between e-IDealFX and a client's
         trading or portfolio management system.  e-IDealFX also allows users
         to group their foreign exchange trade requirements into `block'
         orders by currency pair and across custodial relationships;
 
      -- Enhanced Workbench Client Reporting -- The latest enhancement to the
         Internet-based reporting platform includes enhanced cash, custody and
         accounting reporting, and the introduction of a suite of performance
         measurement and investment analytics reports through Russell/Mellon
         Analytical Services;
 
      -- Global Securities Lending Reports -- offers access to more than
         40 Web-based reports on Workbench, including monthly client earnings,
         lending activity, borrower exposure, collateral received and
         reinvestment activity; and
 
      -- Benefits Disbursements Reference Information -- offers clients a
         variety of benefit payment reports, check histories and stop-payment
         capabilities.  Users also can access hyperlinks to useful IRS sites.
 
     "Since its inception, Workbench has served as a sophisticated and user-
 friendly platform that offers institutional clients and investment managers
 the information management tools they need to be successful," said Jim
 Palermo, president of Mellon Trust.  "These newest enhancements demonstrate
 our commitment to delivering to clients the leading-edge technology and
 expertise that supports their investment and administrative processes."
     These additions to Workbench are a continuation of Mellon's ongoing
 rollout of its eCommerce product enhancements.  Mellon Trust introduced a new,
 Internet-based connectivity option for Workbench in March 2000, and last July
 it began offering clients the ability to access audited financial statements
 via the Internet.  In September 2000, Mellon Trust followed with enhancements
 that included browser-based, real-time reporting, as well as industry
 information services and an online version of "A Guide to Trading Around the
 World," Mellon's global settlement guide offering trading information and
 instructions.  Since its introduction last year, Workbench has gained nearly
 800 new users to its site.
     Mellon Trust, a leading provider of trust and custody services worldwide,
 is a unit of Mellon Financial Corporation, a global financial services company
 headquartered in Pittsburgh.  Mellon is one of the world's leading providers
 of asset management, trust, custody and benefits consulting services and
 offers a comprehensive array of banking services for individuals and
 corporations.  Mellon has $2.8 trillion in assets under management,
 administration or custody, including $520 billion under management.  Its asset
 management companies include The Dreyfus Corporation and Newton Investment
 Management Limited (U.K.).
     Press releases and other information about Mellon and its products and
 services are available at www.mellon.com on the Internet.  For Mellon press
 releases by fax, call 800-758-5804, identification number 552187.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46163858
 
 

SOURCE Mellon Financial Corporation
    BOSTON, April 24 /PRNewswire Interactive News Release/ -- Mellon Financial
 Corporation (NYSE:   MEL) today announced that Mellon Trust, a leading provider
 of trust and custody services worldwide, has launched a number of significant
 enhancements to Workbench, Mellon's Web-based reporting platform for its
 institutional clients.  These value-added enhancements include:
 
      -- e-IDealFX -- Mellon's automated Web-based foreign (FX) exchange
         trading product.  e-IDealFX provides for straight through processing
         of a client's FX requirements, including the ability to automatically
         upload/download trade related data between e-IDealFX and a client's
         trading or portfolio management system.  e-IDealFX also allows users
         to group their foreign exchange trade requirements into `block'
         orders by currency pair and across custodial relationships;
 
      -- Enhanced Workbench Client Reporting -- The latest enhancement to the
         Internet-based reporting platform includes enhanced cash, custody and
         accounting reporting, and the introduction of a suite of performance
         measurement and investment analytics reports through Russell/Mellon
         Analytical Services;
 
      -- Global Securities Lending Reports -- offers access to more than
         40 Web-based reports on Workbench, including monthly client earnings,
         lending activity, borrower exposure, collateral received and
         reinvestment activity; and
 
      -- Benefits Disbursements Reference Information -- offers clients a
         variety of benefit payment reports, check histories and stop-payment
         capabilities.  Users also can access hyperlinks to useful IRS sites.
 
     "Since its inception, Workbench has served as a sophisticated and user-
 friendly platform that offers institutional clients and investment managers
 the information management tools they need to be successful," said Jim
 Palermo, president of Mellon Trust.  "These newest enhancements demonstrate
 our commitment to delivering to clients the leading-edge technology and
 expertise that supports their investment and administrative processes."
     These additions to Workbench are a continuation of Mellon's ongoing
 rollout of its eCommerce product enhancements.  Mellon Trust introduced a new,
 Internet-based connectivity option for Workbench in March 2000, and last July
 it began offering clients the ability to access audited financial statements
 via the Internet.  In September 2000, Mellon Trust followed with enhancements
 that included browser-based, real-time reporting, as well as industry
 information services and an online version of "A Guide to Trading Around the
 World," Mellon's global settlement guide offering trading information and
 instructions.  Since its introduction last year, Workbench has gained nearly
 800 new users to its site.
     Mellon Trust, a leading provider of trust and custody services worldwide,
 is a unit of Mellon Financial Corporation, a global financial services company
 headquartered in Pittsburgh.  Mellon is one of the world's leading providers
 of asset management, trust, custody and benefits consulting services and
 offers a comprehensive array of banking services for individuals and
 corporations.  Mellon has $2.8 trillion in assets under management,
 administration or custody, including $520 billion under management.  Its asset
 management companies include The Dreyfus Corporation and Newton Investment
 Management Limited (U.K.).
     Press releases and other information about Mellon and its products and
 services are available at www.mellon.com on the Internet.  For Mellon press
 releases by fax, call 800-758-5804, identification number 552187.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46163858
 
 SOURCE  Mellon Financial Corporation

RELATED LINKS

http://www.mellon.com