JERSEY CITY, N.J., June 2, 2010 — iNautix (USA) LLC, an affiliate of Pershing LLC, a BNY Mellon company, announced today that it has developed the first end-to-end paperless imaging solution to streamline annuity processing for Pershing's introducing broker-dealer customers. This innovative solution, available on Pershing's Subscribe® platform, enhances efficiency, reduces cost and improves accuracy and compliance oversight of annuities by automating the current manual, time-intensive, paper-driven application process.

The paperless solution allows approved client documents, including any required carrier forms, to be sent electronically to the Depository Trust & Clearing Corporation (DTCC) for their transmission to the carriers, in lieu of mailing or faxing paper documents. Electronically approved documents are then stored online in a regulatory-compliant format for the required number of years, and provide an online audit trail.

"Our Subscribe platform's streamlined, paperless annuity processing expands Pershing's comprehensive suite of document management and processing solutions," says Suresh Kumar, chief executive officer of iNautix USA. "By replacing obsolete paper systems with an automated process, Pershing's introducing broker-dealer customers can improve efficiency and benefit from workflow that helps them meet regulatory requirements for reviewing and processing annuity applications."

Pershing's Subscribe platform enables broker-dealers to process, service and maintain annuity contracts and offers an annuity order entry platform, consolidation of annuity contracts within client brokerage accounts and a comprehensive view of all client assets on a single screen. Subscribe is accessible through NetX360™, Pershing's revolutionary technology platform that provides investment professionals and registered investment advisors with a complete solution to help them efficiently manage their commission and fee business on a single, integrated workstation.

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Located in 20 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange.  Pershing LLC is a BNY Mellon company.  Additional information is available at www.pershing.com.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.