• Bank takes new Misys Summit modules to operate all asset classes on common platform and deliver STP
• Deregulation and derivatives growth driving need for new technology

12 November 2007 - Bank of Communications, Hong Kong Branch (BOCOM, HK), listed on the Hong Kong Stock Exchange, has extended its relationship with Misys, the global application software and services company, to create full STP in front, middle and back office operations handling credit derivatives, fixed income and structured products. 

The bank will increase its utilisation of Misys Summit, a best of breed treasury and capital markets software platform, by introducing new modules in FX and Money Markets for front office operations, and additional modules for derivatives, fixed income and all structured products across its middle and back offices.

The bank first took up Misys Summit front-office capability in 2005 as part of a strategic focus on exotic and structured products and has added further modules to complement existing capability. The deal signifies a move to operate all asset classes on a common platform in the future and strengthens the bank's ability to meet regulatory compliance requirements and increase operational effectiveness.

Specifically, the new modules will provide the bank's traders with a range of features including a single view on treasury-wide VaR calculations of Monte Carlo, Historical and Delta Gamma VaR, interfacing with the bank's major internal and external systems, a single view on treasury P/L and treasury positions and improved internal reporting.

Helen Ho, Head of Information Technology, BOCOM, HK comments: "This deal will help us streamline operations and achieve a faster time to market for new products. Our goal is full STP and the extension of the Misys Summit solution means all of our front, middle and back office treasury departments will benefit from Misys Summit across all product types including Fixed Income, Money Markets and Structured Products."

Misys Summit is one of the world's most powerful treasury and capital markets software solutions and incorporates unique MUST (Multi-Underlying Structured Trade) accounting for structured products. It was initially evaluated against systems from Wall Street Systems, Sophis, Murex, and Sungard before being chosen to replace a vanilla instruments software package from Reuters Kondor+.

Sunny Leung, Head of Sales, Greater China Region, Misys Treasury & Capital Markets, adds: "There is substantial growth in the treasury and capital markets sector in China and Hong Kong - mainly driven by deregulation and the birth of the derivatives market - and our software solutions will help BOCOM to capitalise on these growth opportunities. Our business is also experiencing rapid growth in Greater China as many financial institutions are seeking to replace their legacy front office systems with our front to back, streamlined single-view systems."

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.

- Ends -

For further information or to request an interview with a Misys spokesperson, please contact:

Deborah Choong                                             Stephen White
Misys Treasury & Capital Markets, Asia         Misys Treasury & Capital Markets
t. +852 2230 2302                                         t. +44 (0) 207 757 6134
deborah.choong@misys.com                      stephen.white@misys.com

Nick Parker
Financial Dynamics
t. +44 (0)20 7269 7181
nick.parker@fd.com

About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries.  We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success. 

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 a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

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Contact us today, visit: www.misys.com