ZKB Goes Live With Misys Risk Vision 5.5 for Integrated Credit Risk Management and Limits Management

LONDON, March 29, 2010 /PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and services company, announces today that Zürcher Kantonalbank (ZKB) is now live on the latest version of the enterprise-wide risk management software, Risk Vision. The bank is implementing the latest version of Misys Risk Vision to gather and analyse exposure to risk across its entire business on a local level as well as globally.

As a long-standing user of Misys Risk Vision, ZKB had the confidence to maintain a complete and up-to-date view and understanding of its risk exposure during the recent financial crisis. It was keen to take advantage of the latest functionality of Misys Risk Vision 5.5 to drive further improvements. Through real-time views, ZKB benefits from enhanced exposure measurement, limits management and improved risk mitigation.

The latest release of Misys Risk Vision has enabled ZKB to benefit specifically from expanded risk mitigation functionality in the area of netting agreements and collateral. It provides ZKB with additional coverage in the areas of Commodities, Swaps and Annuity Loans. Continual optimisation of both intra-day and end-of-day performance allows better management of daily workflows. This ensures the accuracy of real-time exposure information for use by both front-office users (via Pre Deal Check (PDC)) and credit decision makers.

ZKB's Head of Credit Risk Management, Dr. Luc Seydoux states: "Risk Vision 5.5 provides us with the ability to execute more stringent credit risk management processes. When the markets were in turmoil during the fourth quarter of 2008, Misys Risk Vision was of paramount importance to ZKB. We have significant trading operations so having the information available in real time was crucial to knowing our risk position relative to our counterparties' credit risk."

We are committed to ensuring our risk solutions are fully integrated within a bank's risk framework for true risk consolidation, while broadening the functional coverage of our components through R&D and partnerships. Misys Risk Vision is one of the suite of risk solutions from Misys, providing customers with an integrated risk management framework. Risk Vision is an enterprise-wide risk management system used by banks to manage market risk, credit risk and limits in an integrated way with a single view of every risk exposure across all business areas.

David Stewart, Solutions Director, Misys Risk, commented: "The development of Risk Vision has centred on offering financial institutions a total view of their risk whenever and wherever it is needed. We are delighted to have worked with ZKB to ensure our enhanced functionality offers greater performance and flexibility to their risk management procedures."

ZKB, Switzerland's third largest universal bank, offers comprehensive financial services for private, commercial and institutional customers. It has 4,825 employees in about 100 branches in the Kanton of Zurich. Misys Risk Vision is now ZKB's core credit risk management system. ZKB now has a complete view of the products, maturities, lines and country limits that have been put in place by the bank's executives to manage exposures and the associated credit and settlement risk of all its financial products and instruments.

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 plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 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.

    Misys: experience, solutions, results
    Contact us today, visit: http://www.misys.com

    For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys
    Solutions for Banking and Treasury & Capital Markets
    +44(0)20-3320-5530
    [email protected]

    Sebastian Mathews
    FD
    +44(0)20-7269-7158
    [email protected]

SOURCE Misys plc

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