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  • Countrywide Securities Corp Becomes 17th Treasury Dealer on TradeWeb

    -- Fed's Newest Primary Dealer To Provide Liquidity On TradeWeb's Leading Online Treasury Market --

    Jersey City, NJ (April 13, 2004) -- TradeWeb, the leading dealer-to-customer fixed-income trading network, announced today that Countrywide Securities Corporation has joined as a dealer on its U.S. Treasury trading platform. Countrywide Securities is a member of the Countrywide Financial Corporation (NYSE:CFC) family of companies, providers of diverse financial services to consumers and institutions in America and global markets. Countrywide Securities is the 27th dealer participant to join TradeWeb's pre-eminent global multi-dealer network that allows institutional investors to transact in ten fixed-income asset classes.

    Countrywide Securities is the seventeenth primary dealer to join TradeWeb's premier U.S. Treasury dealer group, which includes Credit Suisse First Boston, Goldman Sachs, Lehman Brothers, Merrill Lynch, Citigroup, Morgan Stanley, Deutsche Bank, Barclays Capital, JPMorgan, Greenwich Capital, ABN AMRO, Bear Stearns, UBS Investment Bank, BNP Paribas, Banc of America Securities, and HSBC. Countrywide Securities began making markets for its buy-side customers over TradeWeb on March 24th.

    Jim Toffey, CEO of TradeWeb, said: "We are very excited that Countrywide Securities has elected to use TradeWeb as their primary distribution channel to buy-side customers. Their decision to use our leading fixed-income network to build a world-class U.S. Treasuries franchise clearly demonstrates that TradeWeb is now in the mainstream of trading for both fixed-income dealers and their customers."

    "Countrywide Securities is pleased to offer our clients greater access to liquidity in the U.S. Treasury market through our participation on the TradeWeb platform," said Ron Kripalani, President and CEO of Countrywide Capital Markets. "Launching on TradeWeb just ten weeks following our Primary Dealer designation not only highlights our strength as a leader in application technology, but also shows our continued desire to support and employ ambitious growth strategies with new product lines. We look forward to expanding our role with TradeWeb to include pass-throughs in the very near future."

    About TradeWeb

    TradeWeb is the leading online fixed-income trading network with over 5 million trades executed and total volume surpassing $43 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 27 of the world's leading dealers of fixed-income securities with more than 1,500 buy-side institutions in North America and Europe.

    The company is also the leading electronic "straight-through processing" network for the fixed-income markets, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpressSM network. TradeWeb's STP network also includes AccountNet, the leading standard settlement instructions database.

    For more information about TradeWeb products and services, please visit the company's website at or contact Jack Mahoney at (201) 536 5878.

    About Countrywide Securities Corporation

    Countrywide Securities Corporation, a subsidiary of Countrywide Capital Markets, Inc., is a broker-dealer registered with the Securities and Exchange Commission. Countrywide Capital Markets, a subsidiary of Countrywide Financial Corporation, also includes Countrywide Servicing Exchange, a broker-dealer of loan servicing rights; Countrywide Asset Management Corp., which manages distressed-credit assets; and CCM International, Ltd., in the United Kingdom.

    About Countrywide Financial Corporation

    Founded in 1969, Countrywide Financial Corporation is a member of the Sandamp;P 500, Forbes 500 and Fortune 500. Through its family of companies, Countrywide provides mortgage banking and diversified financial services in domestic and international markets. Mortgage banking businesses include loan production and servicing principally through Countrywide Home Loans, Inc., which originates, purchases, securitizes, sells and services primarily prime-quality loans. Also included in Countrywide's mortgage banking segment is the LandSafe group of companies that provide loan closing services. Diversified financial services encompass capital markets, banking insurance and global markets, largely through the activities of Countrywide Capital Markets, a mortgage-related investment banker; Countrywide Bank, a division of Treasury Bank, NA, a banking entity offering customers CDs, money market accounts and home loan products; Balboa Life and Casualty Group, whose companies are national providers of property, liability and life insurance; Balboa Reinsurance, a captive mortgage reinsurance company; and Global Home Loans, a U.K. mortgage banking joint venture in which Countrywide holds the majority interest.

    For further information about the company, visit Countrywide's Web site at

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