New service allows corporate treasurers to aggregate orders by currency and present single currency positions
London, 3 May 2005 – Misys Banking Systems (Misys) today launches its new Misys Treasury Exposure Aggregation Service, a new addition to the Misys Treasury portal. The service will provide customers with an Order Management Blotter that will display all FX orders entered in the system. This will allow users in multiple subsidiaries to view their individual exposure positions, whilst central treasury offices will have a complete view of the combined/aggregated position of all users on the system.
The Misys Treasury Exposure Aggregation Service will allow central treasury offices to amalgamate orders by currency so that they can view single currency positions. As a result, this will reduce the number of foreign exchange transactions to be managed and provide the opportunity for corporates to secure more competitive trade rates. In addition, the new service allows for a more streamlined automation process, reducing the amount of time spent on manual processes, delivering enhanced STP and processing speeds.
Key features of the new service include:
• Transactions that have the same currency and time horizon obligations can be combined into a single foreign exchange contract, reducing the number of transactions
• Once amalgamated, foreign exchange trade execution can be achieved through Currenex or other trading partners
• Summaries and detailed views for each aggregated FX order can be provided as required
• Central treasury offices can have a 360 degree view of all trades
Mark Davies, CEO of Misys Global Managed Services at Misys, comments: “The Misys Treasury Exposure Aggregation Service will allow corporates to manage their FX trades in a more streamlined manner. With corporate treasurers constantly striving to provide a more controlled and cost-effective service, we’re confident that the new service will provide a much smoother and efficient FX transaction process.”
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For further information, please contact:
Edward Taylor / Andy Field
+44 (0)20 7269 7295 / 7241
email@example.com or firstname.lastname@example.org
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 897 1188
CEO, Misys Global Managed Services
Misys Wholesale Banking Systems
+1 845 501 0701
About Misys Treasury
Misys Treasury is a market-leading treasury service portal that provides browser-based transaction and application services to corporate treasurers, banks, and fund managers. Our fully integrated solutions reduce operational risk and improve transaction speed, resulting in more efficient and cost-effective treasury management.
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 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 plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally. For more information, visit www.misys.com.
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