Misys Unveils Latest Real-Time Collateral Management Solution for Banks and Investment Managers
By Prne, Gaea News NetworkSunday, March 15, 2009
LONDON - Major Module Enhanced Within Misys Summit FT to Provide Improved
Management of Counterparty Risk and Collateral on a Real-Time Basis
Misys (LSE: MSY), the global application software and services
company, today announced its latest solution for collateral management -
Misys Summit FT Collateral Management - to meet the needs of financial
institutions looking to closely manage counterparty risk. The solution
enables banks and investment managers to make better decisions on trade
viability and the level of collateral required through real-time tracking and
assessment of collateral levels, an essential service in current market
conditions where collateral values can change quickly.
The failures of Bear Sterns and Lehman Brothers, alongside the problems
experienced by AIG, have promoted the issue of collateral management to the
top of the agenda for many senior financial leaders. As many credit-backed
instruments have become riskier, financial institutions are seeking to move
from managing collateral on a weekly or monthly basis to managing in
real-time to prevent sudden losses.
To help firms address this market challenge, Misys is releasing Misys
Summit FT Collateral Management, a strongly enhanced collateral management
solution within Misys Summit FT - Misys’ flagship cross-asset trading
solution that helps banks and investment managers transact and manage a range
of financial instruments, including derivatives and structured products,
across front, middle and back office functions.
The functional strength of the new collateral management module allows
firms to better define underlying agreements, collateral eligibility and
terms, and provides an integrated application to view, assess and manage the
collateral process. Additionally, it also enables firms to manage repo
collateral and margins, calculate market valuations and margin - on-schedule
or on-demand - and also includes a wide range of valuation options to improve
valuations of derivatives positions and collateral requirements.
Isabel Schauerte, Analyst at Celent, comments: “Solutions that help value
and manage collateral on a near-real-time basis will be one of the areas of
IT investment in 2009. The importance of the collateral management function
within banks and hedge funds has grown in the last year and there is a broad
desire for a single, integrated platform that allows for straight-through
processing of collateral management activities. Market participants are also
interested in increasing the transparency of post-trading pricing and by
consolidating multiple activities of the collateral management function into
one system, a reduction of errors and inefficiencies can be achieved.”
Dan Cohen, Global Solutions Manager for Misys Summit FT comments: “Our
vision has always been to provide a solution that includes best-of-breed
functionality in a full cross-asset front-to-back system and the significant
investment in our collateral management offering means we now provide a ‘one
stop shop’ for analysis, assessment and control of exposures and net
positions in this area. We’ve also strengthened our services offerings and
pricing capability so we can provide customers with a fully installed
solution for managing collateral and counterparty risk in around 3-4 months.”
Misys Solutions for Treasury & Capital Markets has 19 years of
experience and unrivalled software development expertise. It creates
integrated, comprehensive solutions for financial institutions to manage
their capital market activities across multiple asset classes.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world’s top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people 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.
Misys: Experience, Solutions, Results
Contact us today, visit: www.misys.com
For further information or to request an interview with a Misys
spokesperson, please contact:
Stephen White,
Misys Solutions for Treasury & Capital Markets,
t. +44(0)203-320-5593,
e. stephen.white@misys.com .
LONDON, March 16 /PRNewswire/ –
Source: Misys plc
For further information or to request an interview with a Misys spokesperson, please contact: Stephen White, Misys Solutions for Treasury & Capital Markets, t. +44(0)203-320-5593, e. stephen.white at misys.com .
Tags: London, United Kingdom