Investment Banks Gain Broader Asset Class Coverage With New Version of Misys Sophis RISQUE

LONDON, June 16, 2011 /PRNewswire/ --

Misys Sophis RISQUE 6.2 Introduces New Security Finance/delta one Capabilities, Improves Operational Efficiency and Adds New Risk Control Tools

Misys plc (LSE: MSY), the global application software and services company, today announces the availability of Misys Sophis RISQUE 6.2. The latest version of the trading and risk management solution for investment banks significantly improves risk management capabilities, broadens asset class coverage and enhances operational efficiency.

Over the past year financial institutions have strengthened their securities finance and delta one businesses involving a growing use of cross-asset portfolio swaps, contracts for difference (CFDs) and exchange-traded funds (ETFs). To satisfy these demands, Misys Sophis has continued to make significant investments into extending this asset-class coverage within RISQUE.

RISQUE 6.2 allows investment banks greater flexibility on underlyings (including bonds and convertible bonds), and payment rules, as well as a refined collateral management. A heavy emphasis on the credit sustainability of financial players has pushed investment banks to strengthen their collateral management processing with precise initial margin calculation and frequent variation margins capacities.

"Banks are paying more and more attention to market and credit risk, but also to liquidity and operational risk," states Jean-Baptiste Gaudemet, Head of Product Management at Misys Sophis. "We have worked very closely with our RISQUE customers to improve the operational performance throughout each instrument's life cycle, allowing them in particular to scale their flow business."

RISQUE 6.2 introduces a new comprehensive event diary that accelerates the management of large complex cross-asset portfolios. It delivers transparency on portfolio management, mitigating operational risk while increasing efficiency through improved straight-through processing.

The risk management solution has been further enhanced with full support of P&L explanation on fixed income, as well as liquidity-adjusted VaR.

Additional enhancements to Misys Sophis RISQUE 6.2 include:

Asset Classes

RISQUE 6.2 delivers significantly broader coverage and enhanced support for each asset class:

• Credit-linked notes are now available as a specific multi-currency asset class. Credit risk of the issuing company and the reference entity are taken into account for the different default events.
• Enhanced management of physical gas specificities of Europe and US, enabling definition of derivative products such as gas US basis swaps
• FX delta/gamma risk can be split on FX liquid pairs

Accounting

• Full support of accounting book closures (End of Year, End of Quarter, End of Month)

System administration

• New configuration tool allows centralised and better management of different component configurations

About Misys plc

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

Misys is a market leader with over 1,300 customers, including all of the world's top 50 banks. Misys employs approximately 4,000 people and works with over 100 partners globally 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. Working with our extensive partner network, together we create compelling solutions enabling our customers to differentiate themselves and drive a competitive edge.

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
+44(0)20-3320-5530
[email protected]

SOURCE Misys plc

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED