CREDIT SUISSE FIRST BOSTON CUSTODY (MOSCOW) LIMITED

103009 Moscow, RUSSIA, Nikitsky Pereulok, 5
Telephone (+7-495) 967-8969, (+7-501) 967-8969 (satellite)
Facsimile (+7-495) 967-8869, (+7-501) 967-8869 (satellite)
Telex 412 326 CSMO RU


Dear Sirs,

Rhapsodyos company was contracted by CSFB Custody to develop software supporting daily operations of a specialized depository for unit investment funds. It is important to mention that there is no any similar product existing on the domestic market. .

Within short period of time Rhapsodyos managed to develop a software product complying with requirements to financial and banking programs, and supporting all major aspects of aspects of a specialized depository operations.

The programm allows to work with large volumes of information and can be adjusted to keep records of different types of assets.

Federal Securities Commission of Russia in its inspections of the specialized depository operations was complimentary on the functions and quality of the software developed by Rhapsodyos. версия для печати

Rhapsodyos maintains the software and is quick and flexible to introduce new functions and modules to the programm in order to support changes in operational environment of the specialized depository.

For more then one year of its work the programm has proved to be a reliable, logically organized and easy to use product.

Introduction of the above software into daily operations of the depository provided for significant automation of information processing, and permitted to decrease the cost of the services offered by our company.

Further references available upon request.


Regards

Andrey Karyakin

General director