Investment Banks Gain Broader Asset Class Coverage With New Version of Misys Sophis RISQUE
By Misys Plc, PRNEWednesday, June 15, 2011
LONDON, June 16, 2011 -
Misys Sophis RISQUE 6.2 Introduces New Security
Finance/delta one Capabilities,
Improves Operational Efficiency and Adds New Risk
Control Tools
Misys plc (LSE: MSY), the global application software and
services company, today announces the availability of Misys Sophis
RISQUE 6.2. The latest version of the trading and risk management
solution for investment banks significantly improves risk
management capabilities, broadens asset class coverage and enhances
operational efficiency.
Over the past year financial institutions have strengthened
their securities finance and delta one businesses involving a
growing use of cross-asset portfolio swaps, contracts for
difference (CFDs) and exchange-traded funds (ETFs). To satisfy
these demands, Misys Sophis has continued to make significant
investments into extending this asset-class coverage within
RISQUE.
RISQUE 6.2 allows investment banks greater flexibility on
underlyings (including bonds and convertible bonds), and payment
rules, as well as a refined collateral management. A heavy emphasis
on the credit sustainability of financial players has pushed
investment banks to strengthen their collateral management
processing with precise initial margin calculation and frequent
variation margins capacities.
“Banks are paying more and more attention to market and credit
risk, but also to liquidity and operational risk,” states
Jean-Baptiste Gaudemet, Head of Product Management at Misys Sophis.
“We have worked very closely with our RISQUE customers to improve
the operational performance throughout each instrument’s life
cycle, allowing them in particular to scale their flow
business.”
RISQUE 6.2 introduces a new comprehensive event diary that
accelerates the management of large complex cross-asset portfolios.
It delivers transparency on portfolio management, mitigating
operational risk while increasing efficiency through improved
straight-through processing.
The risk management solution has been further enhanced with full
support of P&L explanation on fixed income, as well as
liquidity-adjusted VaR.
Additional enhancements to Misys Sophis RISQUE 6.2 include:
Asset Classes
RISQUE 6.2 delivers significantly broader coverage and enhanced
support for each asset class:
- Credit-linked notes are now available as a specific
multi-currency asset class. Credit risk of the issuing company and
the reference entity are taken into account for the different
default events. - Enhanced management of physical gas specificities of Europe and
US, enabling definition of derivative products such as gas US basis
swaps - FX delta/gamma risk can be split on FX liquid pairs
Accounting
- Full support of accounting book closures (End of Year, End of
Quarter, End of Month)
System
administration
- New configuration tool allows centralised and better management
of different component configurations
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive
solutions that deliver significant results to financial services
organisations. We maximise value for our customers by
combining our deep knowledge of their business with our commitment
to their success.
Misys is a market leader with over 1,300 customers, including
all of the world’s top 50 banks. Misys employs approximately 4,000
people and works with over 100 partners globally who serve
customers in more than 120 countries.
We aspire to be the world’s best application software and
services company, delivering results for the most important
industries in the world. Working with our extensive partner
network, together we create compelling solutions enabling our
customers to differentiate themselves and drive a competitive
edge.
Misys: experience, solutions, results
Contact us today, visit: href="outbind://35/www.misys.com">www.misys.com
For further information please contact:
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com
.
Tags: June 16, London, Misys plc, United Kingdom