• Metrobank will scale up with Misys Opics Plus, Opics Risk Plus, and Eagleye to boost automation and reduce risk in treasury dealing room.
• Latest solutions deal confirms 10 year relationship between Metrobank and Misys

15 August 2007 - Metropolitan Bank and Trust Company (Metrobank), the Philippines' largest bank, has signed a new deal with Misys, the global software and solutions company, to upgrade the core treasury system at its central treasury dealing room in Manila.

Metrobank will upgrade its existing system, Misys Opics, with Misys' new best of breed solution, Misys Opics Plus. It will also license the latest advanced risk and portfolio management tool, Misys Opics Risk Plus, and specialist monitoring solution, Eagleye, to boost internal controls and compliance.

With regulatory changes easing restrictions on foreign exchange trading and the use of hedging instruments, the bank is seeking to reduce transaction costs, increase automation and boost risk management as it processes higher volumes resulting from a more free flow of capital. Prior to the new deal, the Bank had also identified significant manual processing in some of its non-core treasury activities which it plans to simplify and automate as part of the upgrade.

Fernand Antonio Tansingco, Executive Vice President and Head of Treasury Group at Metrobank comments: "Our volumes are growing fast and this deal will give us the capability to book, sell and control the various new products that are being introduced into both the physical and derivative markets, and to do all of this profitably and in compliance with internal and external controls and policies. We'll also benefit from reduced transaction costs as the system will process more transactions in a shorter time and the reduced operational risk from increased levels of automation and straight through processing (STP) will give us more efficiency in the dealing room."

Misys Opics Plus leverages a tiered architecture to provide a comprehensive trade lifecycle solution for processing instruments with speed, giving users real-time information. It also uses XML standards to seamlessly integrate with other applications. At Metrobank it will enable automation of the entire deal lifecycle, promoting higher levels of STP for a broader range of asset classes in treasury, derivatives and capital markets products, and will support all the bank's treasury activities including pre-deal checks, automated deal capture and P&L analysis among other functions. In addition, it will support the booking and risk management of a complex trading operation using a range of derivatives products such as Swaps, Options, Credit Derivatives and retail structured products.

As part of the deal, Metrobank has also licensed the Opics Plus Risk module for real-time position updates and P&L and risk management on full instrument coverage across capital markets, treasury and derivatives. And it will run the specialist monitoring solution, Eagleye, to gain a consolidated view of all exceptions and a central repository for internal control information that helps to reduce operational risk.

Metrobank has worked with Misys' best of breed treasury solutions since it became the first bank in Manila to sign up to use Misys Opics in 1998.  The Bank reviewed systems from a number of competitive solutions before signing the new deal which marks a decade of Misys supporting Metrobank in the Philippines.

Kumar Vaibhav, Head of Sales for Misys Treasury & Capital Markets in Manila adds: "The Philippines banking industry is booming and this robust scalable software solution demonstrates how the country's leading banks can create new revenue opportunities and provide new products for customers in this fast moving and competitive market.  Metrobank is poised to be the premier trading room in the Philippines, with enhanced abilities to increase the level of automation and also the ability to introduce new products supported by trade desktop analytics, real-time sensitivity scenarios and Value at Risk analysis."

Misys Treasury & Capital Markets has 17 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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For further information please contact:

Stephen White                                                 
Misys Treasury & Capital Markets                   
Tel: +44 20 7757 6134                                    
stephen.white@misys.com                                 

Deborah Choong
Misys Treasury & Capital Markets
Tel: +852 2230 2302
deborah.choong@misys.com

ABOUT MISYS plc
Misys plc (FTSE: MSY.L), the global software and solutions 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 and treasury & capital markets Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks.  In healthcare Misys is also a leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Misys employs around 5,500 people who serve customers in more than 120 countries. For more information, visit: www.misys.com