London, 20 January 2006, Misys Banking Systems has today announced a partnership to offer Reoch Consulting's credit derivative valuation model suite fully integrated into its capital markets solution, Misys Summit. The integration will enable specialist models such as Reoch's semi-analytical CDO model, CDO2, CMCDS and Option products to be accessed directly from Misys Summit. This partnership gives Misys clients the opportunity to use industry standard models to independently value their positions in credit derivative instruments and thus better manage their exposure, P&L and regulatory requirements.
Keith Stonell, Managing Director, Treasury & Capital Markets for Misys Banking Systems in London says, "Our partnership with Reoch Consulting further enables Misys to deliver market leading solutions to our customers in pace with the increasingly fast moving and specialised credit derivatives market. London based Reoch Consulting are one of the few consulting firms specialising in credit derivatives and they have a deep understanding of this highly dynamic market. As such the integration of Reoch's valuation suite with our own market leading solution was a natural step to take. The models have already been thoroughly benchmarked and tested to produce sensitivities at a high speed, and will add real value to our clients enabling them to benefit from fast and accurate credit pricing and valuation, fully integrated into the Misys Summit front to back solution."
"Misys, with its strong position in the market and its appetite for investing in credit, is an ideal partner for us," James Wood, Head of Quantitative Credit Solutions at Reoch Consulting, comments. "Their robust technology platform, proven in the market over many years, their initiatives in credit and structured products, combined with our models and expertise, are a strong proposition for this growing market."
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For further information contact:-
Suzanne McLaughlin
Global Marketing Communications Manager, Treasury & Capital Markets
Misys Banking Systems
+ 44 20 7549 4764
suzanne.mclaughlin@misys.com
Caroline Parker / Dan Davies
Financial Dynamics
+ 44 207 269 7295
caroline.parker@fd.com / dan.davies@fd.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, 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 Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 7,800 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
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 Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 7,800 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
About Reoch Consulting Ltd.
Reoch Consulting is a London based consultancy focusing on credit derivatives, asset backed securities, bonds and traditional bank credit products. The company brings together a unique executive team that includes leading experts in strategy, infrastructure, trading, systems and quantitative finance to address the current issues being faced by market practitioners. In addition, Reoch Consulting offers a full suite of valuation models for all credit derivative products, to be used as a stand alone tool or integrated into a broad trading and risk management platform. For more information see www.reochconsulting.com.
Reoch Consulting is a London based consultancy focusing on credit derivatives, asset backed securities, bonds and traditional bank credit products. The company brings together a unique executive team that includes leading experts in strategy, infrastructure, trading, systems and quantitative finance to address the current issues being faced by market practitioners. In addition, Reoch Consulting offers a full suite of valuation models for all credit derivative products, to be used as a stand alone tool or integrated into a broad trading and risk management platform. For more information see www.reochconsulting.com.
