- Memory Matching enables automatic matching of trades
- Enhanced SSI (Standing Settlement Instructions) processing
- SWIFT MT399 messages improves customer/bank communications
London/New York - 11th May 2006 - Misys Banking Systems today announces the launch of Release 1.2 of Misys Treasury Plus, the only treasury portal to deliver transaction and application services on a single platform. This release significantly improves throughput and exception handling and reduces risks for corporate treasurers.
The Memory Matching feature in Misys Treasury Plus improves the rate of matching instructions on Foreign Exchange (MT300) deals. The system allows users to match similar but not identical instructions and store them in a synonym file for subsequent consideration during all future trades. For example, a synonym could be set up that would match "Citibank, N.A." on one side of the deal to "CITIUS33" on the other. Memory Matching allows users to define, store and manage these instruction synonyms in a library which is accessed by the system during the matching process.
In addition to adding six new SSI reports to Misys Treasury Plus, SSI instructions can now be copied from one template to another making the set-up process much easier. A new SSI Notification start date feature adds flexibility to the SSI Notification system by allowing users to set a date and time from which notifications will be made viewable to their Notification Groups.
Users of the new version of the portal can transmit time-critical information to their counterparts across the SWIFT network with an added MT399 messaging capability. All messages include a copy of the underlying trade and any free-format text added by the user, ensuring that urgent foreign exchange investigation information is received by the treasury operations area of financial institutions as soon as possible. Prompt resolution of such investigations significantly reduces the operational risk associated with post-trade confirmation processing.
"Our treasury customers are all striving for greater STP and reduced risk. By adding the MT399-based messaging service to our portal, they will now have an alternative secure form of instant messaging", comments Mark Davies, General Manager of Misys Global Managed Services, Misys Banking Systems. "Memory Matching and our SSI enhancements will help treasurers decrease the time spent on exception processing and improve STP rates. These changes to the system will further enhance the experience of using the portal and give our customers the tools they need to achieve their operational goals."
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For further information please contact
Leslie Regino
Manager, Product & Marketing
Misys Global Managed Services
+1 845-501-0775
leslie.regino@misys.com
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.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, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to about 7,800 financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
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