NEC To Provide SMBC with Japan's First XBRL-Based Online Financial System

Description:NEC Corporation (NEC) (NASDAQ: NIPNY, FTSE: 6701q.l, TSE: 6701) announced today that it will deliver Japan's first online XBRL -based (Note 1) foreign exchange trade system to Sumitomo Mitsui Banking Corporation (SMBC). The new system called "Global e-Trade Service" was developed by NEC and will increase speed and efficiency of foreign exchange trade-related financial services offered by SMBC by digitalizing all documents and business processes, including the issuing of letters of credit (L/C) and bills of lading (B/L). The "Global e-Trade Service" solution developed for use by global trading companies, international banks and shipping companies will be introduced in March 2003.