EX-25.1 7 d506431dex251.htm EXHIBIT 25.1 Exhibit 25.1

Exhibit 25.1

Registration No. 33-                

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

 

 

 

New York   13-5160382

(State of Incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

One Wall Street, New York, NY   10286
(Address of principal executive offices)   (Zip Code)

 

 

SUNGARD DATA SYSTEMS, INC.

(Exact name of obligor as specified in its charter)

See Table of Additional Registrant Guarantors

 

 

 

Delaware   51-0267091

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

680 East Swedesford Road, Wayne, PA   19087
(Address of principal executive offices)   (Zip Code)

 

 

6.625% Senior Subordinated Notes due 2019

and Guarantees of 6.625% Senior Subordinated Notes due 2019

(Title of the indenture securities)

 

 

 


Table of Additional Registrant Guarantors

 

Exact Name of Registrant

Guarantor as Specified in

its Charter

   State or Other
Jurisdiction

of Incorporation or
Organization
   I.R.S.  Employer
Identification
Number
  

Address, Including Zip

Code and Telephone

Number, Including Area

Code, of Registrant

Guarantor’s Principal

Executive Offices

Advanced Portfolio Technologies, Inc.

   Delaware    22-3245876   

340 Madison Avenue

8th Floor

New York, NY 10173

Automated Securities Clearance LLC

   Delaware    22-3701255   

545 Washington Blvd.

7th Floor

Jersey City, NJ 07310

GL Trade Overseas, Inc.

   Delaware    06-1414402   

340 Madison Avenue

New York, NY 10173

Inflow LLC

   Delaware    84-1439489   

680 E. Swedesford Rd.

Wayne, PA 19087

Online Securities Processing Inc.

   Delaware    77-0589377   

680 E. Swedesford Rd.

Wayne, PA 19087

SIS Europe Holdings LLC

   Delaware    41-1511643   

680 E. Swedesford Rd.

Wayne, PA 19087

SRS Development Inc.

   Delaware    23-2746281   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Ambit LLC

   Delaware    04-2766162   

100 High Street

19th Floor

Suffolk, MA 02110

SunGard Asia Pacific Inc.

   Delaware    51-0370861   

601 Walnut St.

Suite 1010

Philadelphia, PA 19106

SunGard Availability Services LP

   Pennsylvania    23-2106195   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Availability Services Ltd.

   Delaware    23-3024711   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard AvantGard LLC

   California    95-3440473   

23975 Park Sorrento

4th Floor

Calabasas, CA 91302

SunGard Business Systems LLC

   Delaware    23-2139612   

377 E. Butterfield Road

Suite 800

Lombard, IL 60148


Exact Name of Registrant

Guarantor as Specified in

its Charter

   State or Other
Jurisdiction

of Incorporation or
Organization
   I.R.S.  Employer
Identification
Number
  

Address, Including Zip

Code and Telephone

Number, Including Area

Code, of Registrant

Guarantor’s Principal

Executive Offices

SunGard Computer Services LLC

   Delaware    68-0499469   

600 Laurel Road

Voorhees, NJ 08043

SunGard Consulting Services LLC

   Delaware    87-0727844   

10375 Richmond

Suite 700

Houston, TX 77042

SunGard CSA LLC

   Delaware    20-4280640   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Development Corporation

   Delaware    23-2589002   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard DIS Inc.

   Delaware    23-2829670   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Energy Systems Inc.

   Delaware    13-4081739   

601 Walnut St.

Suite 1010

Philadelphia, PA 19106

SunGard eProcess Intelligence LLC

   Delaware    13-3217303   

600 Lanidex Plaza

Parsippany, NJ 07054

SunGard Financial Systems LLC

   Delaware    23-2585361   

3 Van de Graff Drive

Burlington, MA 01803-5148

SunGard Investment Systems LLC

   Delaware    23-2115509   

377 E. Butterfield Road

Suite 800

Lombard, IL 60148

SunGard Investment Ventures LLC

   Delaware    51-0297001   

680 E. Swedesford Road

Wayne, PA 19087

SunGard iWORKS LLC

   Delaware    23-2814630   

11560 Great Oaks Way

Suite 200

Alpharetta, GA 30022

SunGard iWORKS P&C (US) Inc.

   Delaware    13-3248040   

200 Business Park Dr.

Armonk, NY 10504

SunGard Kiodex LLC

   Delaware    13-4100480   

59 Maiden Lane, 32nd Floor

New York, NY 10038-4624


Exact Name of Registrant

Guarantor as Specified in

its Charter

   State or Other
Jurisdiction

of Incorporation or
Organization
   I.R.S.  Employer
Identification
Number
  

Address, Including Zip

Code and Telephone

Number, Including Area

Code, of Registrant

Guarantor’s Principal

Executive Offices

SunGard NetWork Solutions Inc.

   Delaware    23-2981034   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Public Sector Inc.

   Florida    59-2133858   

1000 Business Center Drive

Lake Mary, FL 32746

SunGard Reference Data Solutions LLC

   Delaware    72-1571745   

340 Madison Avenue

8th Floor

New York, NY 10173

SunGard SAS Holdings Inc.

   Delaware    26-0052190   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard Securities Finance LLC

   Delaware    13-3799258   

14 Manor Parkway

Salem, NH 03079

SunGard Securities Finance International LLC

   Delaware    13-3809371   

14 Manor Parkway

Salem, NH 03079

SunGard Shareholder Systems LLC

   Delaware    23-2025519   

2300 Main Street

Suite 400

Kansas City, MO 64108

SunGard Software, Inc.

   Delaware    51-0287708   

680 E. Swedesford Road

Wayne, PA 19087

SunGard Systems International Inc.

   Pennsylvania    23-2490902   

340 Madison Avenue

8th Floor

New York, NY 10173

SunGard Technology Services LLC

   Delaware    23-2579118   

680 E. Swedesford Rd.

Wayne, PA 19087

SunGard VeriCenter, Inc

   Delaware    76-0624039   

680 East Swedesford Rd.

Wayne, PA 19087

SunGard VPM Inc.

   New York    11-3159462   

1660 Walt Whitman Rd.

Suite 130

Melville, NY, 11747

SunGard Workflow Solutions LLC

   Delaware    63-1019430   

104 Inverness Place

Suite 325

Birmingham, AL 35242


General information. Furnish the following information as to the Trustee:

 

  (a) Name and address of each examining or supervising authority to which it is subject.

 

Name

  

Address

New York State Department of Financial Services

  

One State Street, New York, N.Y.

10004-1511, and Albany, N.Y. 12257

Federal Reserve Bank of New York

   33 Liberty Street, New York, N.Y. 10045

Federal Deposit Insurance Corporation

   Washington, D.C. 20429

New York Clearing House Association

   New York, New York 10005

 

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

 

2. Affiliations with Obligor.

If the Obligor is an affiliate of the trustee, described each such affiliation.

None.

 

16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

 

  4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-154173).


  6. The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152735).

 

  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.


SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 31st day of May, 2013.

 

THE BANK OF NEW YORK MELLON

By:

 

/s/ LAURENCE O’BRIEN

    Name: Laurence O’Brien
    Title: Vice President


 

EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of One Wall Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business March 31, 2013, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

     Dollar amounts in thousands  

ASSETS

  

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     3,009,000   

Interest-bearing balances

     110,366,000   

Securities:

  

Held-to-maturity securities

     11,679,000   

Available-for-sale securities

     90,658,000   

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     12,000   

Securities purchased under agreements to

resell

     1,507,000   

Loans and lease financing receivables:

  

Loans and leases held for sale

     0   

Loans and leases, net of unearned income

     30,711,000   

LESS: Allowance for loan and lease losses

     214,000   

Loans and leases, net of unearned income and allowance

     30,497,000   

Trading assets

     5,884,000   

Premises and fixed assets (including capitalized leases)

     1,170,000   

Other real estate owned

     3,000   

Investments in unconsolidated subsidiaries and associated companies

     1,054,000   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     6,401,000   

Other intangible assets

     1,414,000   

Other assets

     13,654,000   
  

 

 

 

Total assets

     277,308,000   
  

 

 

 


LIABILITIES

  

Deposits:

  

In domestic offices

     119,812,000   

Noninterest-bearing

     74,186,000   

Interest-bearing

     45,626,000   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     113,384,000   

Noninterest-bearing

     7,043,000   

Interest-bearing

     106,341,000   

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic

offices

     1,566,000   

Securities sold under agreements to

repurchase

     684,000   

Trading liabilities

     6,555,000   

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

     3,766,000   

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     1,065,000   

Other liabilities

     11,146,000   
  

 

 

 

Total liabilities

     257,978,000   
  

 

 

 

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     1,135,000   

Surplus (exclude all surplus related to preferred stock)

     9,791,000   

Retained earnings

     8,517,000   

Accumulated other comprehensive income

     -463,000   

Other equity capital components

     0   

Total bank equity capital

     18,980,000   

Noncontrolling (minority) interests in consolidated subsidiaries

     350,000   

Total equity capital

     19,330,000   
  

 

 

 

Total liabilities and equity capital

     277,308,000   
  

 

 

 


I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Thomas P. Gibbons,

Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

 

Gerald L. Hassell

Catherine A. Rein

Michael J. Kowalski

  

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   Directors