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Bank of Beijing develop international business capability with trade finance and treasury management solutions from Misys

The Bank is the first city commercial bank in China  to trade in derivatives and go live with such a solution

London/Beijing, 22nd August 2005 – Misys Banking Systems (Misys) is pleased to announce that Bank of Beijing (BoB), one of Asia  ’s top 200 banks*, has chosen Misys Opics and Misys Trade Innovation to run its trade finance and treasury management services. The combined solution will allow the bank to develop and enhance its existing international and corporate banking capabilities. Implementation is completed in Q3 2005.

Before choosing Misys, the bank ran a six month evaluation process in which three treasury and four trade finance solutions were reviewed. Misys was found to be the only vendor able to provide a solution covering the two business areas. In addition, the Bank of Beijing team was impressed by the global strength and support offered by Misys, as well as its knowledge of the local Chinese market.  Since choosing Misys, Bank of Beijing has become the first bank in China to go live on a true STP (straight through processing)  treasury solution.

Since 2003, Bank of Beijing has been actively enhancing its international banking capabilities, structuring its management and technology to meet international practices and engaging in increased overseas business outside the Chinese market. In fact, the bank recently became one of the first city commercial banks in China to receive a derivatives licence. The Misys solution allows the bank to automate its STP treasury business, enhance its derivatives operations and offer improved trade services to its corporate customers.

Zhao Rui An, Vice President at Bank of Beijing, comments: “Increasing competition in our key markets has meant that we have become increasingly focused on our corporate customers, adapting and improving our operations to meet their needs more effectively. Implementing the Misys solution has enabled us to enhance our product offering, improve our services and realise new levels of operational efficiency.”

John Palmiero, Head of Sales, Asia at Misys Banking Systems, adds: “Over the past few years, Misys has been steadily increasing its footprint and knowledge in China, working with customers and partners alike to develop a good understanding of the market. This implementation is a further indication of our capability to offer world class solutions tailored to the needs of our Chinese customers.”

-Ends-

For further information, please contact

Edward Taylor / Andy Field  
Financial Dynamics  
+44 (0)20 7269 7295 / 7241 
edward.taylor@fd.com or andy.field@fd.com                       

Asia
Christine Goh
Regional Marketing Manager, Asia Pacific
Misys Banking Systems
+65 6416 4092
Christine.Goh@misys.com

UK
Kirsty Lowe / Toby West
Marketing Manager / Senior Marketing Consultant
Misys Banking Systems
+44 (0) 208 879 1188
kirsty.lowe@misys.com / toby.west@misys.com

About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.

About Misys plc:
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs.

In banking it is one of the top four software providers worldwide and the largest outside the US, with a client base that includes 90% of the world’s top 50 banks. In healthcare it is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals, 600 home care providers. In UK general insurance it is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, it is also a leading provider of support services to 7,600 financial advisers in the UK. Misys employs over 6000 people internationally and has customers in over 120 countries. For more information, visit www.misys.com


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