The Misys Summit money market module efficiently captures and manages money market loans, deposits and securities. From trade entry through to risk management and operations, Misys Summit provides an integrated solution to help you improve STP.

Instrument Coverage

• A wide range of fixed-term loans and deposits including fixed and floating rate, single/multi-period, certificates of deposits and call loans
• Term & open repos and buy/sellbacks
• CDs, BAs & CP

Real-time position viewers and blotters

Misys Summit helps you to manage positions and exposures with immediate access to view and amend trade details. A trader can even run Microsoft Excel within the system container for additional analysis. Misys Summit provides extendibility tools so that you can customise virtually any aspect of the system.

Key features include:

• User customisable quick trade entry directly into Misys Summit
• Deals can also be entered into external systems such as Dealing 3000 and the Bloomberg Trading System, and interfaced automatically into the system
• Misys Summit also interfaces seamlessly with market data systems for up to the minute pricing and mark-to-market data
• Misys Summit stores instrument and term descriptions to reduce trade entry tasks
• Easy to modify the trade's amortising, compounding, and averaging attributes
• Comprehensive trade rollover functionality
• Customizable amortisation schedules
• Pricing methods – cash flow and price/yield supported generating the yield, MTM values and theoretical price
• Built-in calculators generate premium/discount fee and interim accrual fee
• MM issuance – traders can create, price and trade initial security issuances within a single application. View securities inventory and real-time positions and easily handle swap spreads
• With the systen, external applications such as MS Excel can be called from Misys Summit or Misys Summit from Excel
• Real-time P&L decomposition gives the ability to slice and dice the P&L down to detailed trade level

Risk management

Misys Summit has a strong suite of market risk tools, covering all asset classes in a consistent fashion. There are analytics to monitor positions, interest rate and liquidity risk, asset and liability management, gaps, and cash management.

STP operations

All post-trade operations including confirmations, payments and reporting are performed automatically following definable business rules. Misys Summit provides flexible templates to customise money market documentation and enables you to define debit and credit processing rules for all money market accounts. Misys Summit handles a wide range of SWIFT message types include MT1xx, MT2xx, MT3xx and MT5xx.