Misys Trade Portal helps banks manage buyer and supplier purchase orders, invoices and TSU messages in a single solution

10th October 2006 - Misys Banking Systems, a global leader in banking software and solutions, announces today that it is demonstrating the first end-to-end solution that enables financial institutions to make use of the SWIFTNet Trade Services Utility (TSU)

The TSU is a collaborative matching utility set up by SWIFT's Trade Services Advisory Group (TSAG), comprising of representatives from 13 of the world's leading trade service bank providers, three of which are Misys Trade Portal users: BNP Paribas, Calyon and Société Générale.

Through Misys Banking Systems' active involvement in TSAG, Misys Trade Portal, the market-leading Internet-based trade finance tool, has been developed by Misys to provide banks with the first tool for TSU users.  It enables banks to use the TSU to support new or enhanced services to their corporate customers by allowing them to build on the core functionality of the utility.  Misys Trade Portal enables banks to handle purchase orders automatically, eliminating re-keying of data and reducing discrepancy rates when handling Letters of Credit (LCs) as well as open account transactions.

"Phase one of SWIFT's TSU project provides tools to enable banks to respond to the trend towards open account trading," comments Olivier Berthier, Misys Trade Portal product & business development manager, Misys Banking Systems.  "We have developed our product to help banks use these tools and we are delighted that we are leading the market with the first solution that not only provides banks with an open account solution that fully complements traditional trade, but also one which embraces the ever-more prevalent open account market and services."

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For further information, please contact:

Caroline Parker     Edward Taylor
Financial Dynamics    Global Head of Public Relations, Misys Banking Systems
+44 (0) 207 269 7295     +44 (0) 777 55 66 561
caroline.parker@fd.com   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 2,500 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.L), 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 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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