Support of complex instruments enables banks to be more agile to volatile market conditions and increase margins

New solution to be showcased for first time at ACI World Congress in Vienna, stand 24

5 June 2008 - Financial institutions seeking higher returns and more diverse markets are to be offered a new platform for structured products trading from Misys, the global application software and services company. A range of new structures have been integrated into Misys Opics Plus, a comprehensive treasury and capital markets solution for front-to-back office, cross-asset processing of a wide range of financial instruments, and will enable financial institutions to enhance portfolio diversification through the use of structured products.

In recent months, institutions have been looking to enhance returns, create exposure in new markets and expand client offerings through growth in the use exotic structures such as equity/index-linked products, early redemption products, convertible products and multi-asset class products. To help banks capitalise on market opportunities, the new Misys Opics Plus solution for Structured Products builds on existing support for retail structures to include 30 new complex instruments including CMS structures, Inflation structures and Range Accruals.

Along with giving organisations the ability to respond to changing market conditions and adapt to the most profitable structured products, the release also incorporates new pricing and valuation libraries available through Misys' alliance with NumeriX, the recognised leader in pricing and risk analytics. Misys Opics Plus uses NumeriX maths libraries for pricing and cash flow generation via multi-factor models, which delivers accurate pricing on structured trades and aids risk management.

Baron Canon, Structured Products Solutions Manager, Misys, comments: "Structured products are increasingly seen as the primary vehicle to match an investors return demands with their risk aversion.  With investors seeking higher returns, capital guarantees and participation in diverse markets, we're enabling financial institutions to offer a variety of structures to achieve their goals. Robust systems that promote transparency, flexibility and risk management are imperative if institutions are to offer these structures with confidence."

The new solution is due to be showcased for first time at ACI World Congress in Vienna from 29th-31st May, 2008 at stand 24. Misys Treasury & Capital Markets has 18 years of 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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About Misys Opics Plus Structured Products
Misys Opics Plus Structured Products offers a variety of complex instruments such as Range Accruals, CMS Structures, Inflation Structures, TARNS, Inverse Floaters, Snowballs and Step Ups; all with advanced pricing and valuation via NumeriX.  Structures are available as notes and swaps.  Structures can include multiple calls, Knock Outs, caps, floors and can be stepped up or down. 

About Misys Opics Plus
Opics Plus is a complete and automated straight through processing (STP) solution that allows financial institutions to increase their STP rates, reduce the cost of transactions and minimise reconciliation. The flexible design and architecture of the Opics Plus front and middle office ensures fast pricing and risk calculations and allows users to cope with high volumes and the growing complexity of financial instruments. This results in fewer systems, less manual processing and the ability to introduce and implement new products more quickly and efficiently.

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 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.

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: www.misys.com

Media enquiries: 
Stephen White
Misys Treasury & Capital Markets
t. +44 (0) 207 757 6134
stephen.white@misys.com

© Press Release 2008