Misys Expands Confirmation Matching Service to Automate OTC Derivative and Commodity Post-Trade Processing


LONDON, September 9 /PRNewswire/ --     Misys plc (LSE: MSY), the global application software and
services company, today announces it has extended its world-leading
post-trade confirmation solution, Misys Confirmation Matching Service (CMS),
to handle OTC derivative and commodity fax confirmations.

Today many OTC structured trades must be delivered by fax due
to lack of standards. Misys has developed the capability using optical
character recognition (OCR) and Dynamic Document Capture (DDC) to scan an
incoming fax, create a trade stub identifying the trade and present the trade
stub and a PDF of the fax to the counterparty for confirmation through Misys
CMS.

The post trade confirmation process for OTC derivative and
commodity trades is manual, which increases the operational processing risk
on each and every trade. With regulators seeking to increase automation rates
for all traded instruments, confirmations by phone and fax are not only
inefficient, but contrary to the spirit of the regulators intent. Misys CMS
automates the process by providing an on-line affirmation service with a
complete audit trail and on-line document history. This reduces operational
processing risk and cost. This additional functionality allows financial
institutions to dramatically increase efficiency when sending confirmations
to their commercial clients leading to reduced risk and improved customer
service and satisfaction.

"Minimizing the time and resources needed for trading and
post-trade activities is a key concern for financial institutions," states
Gil Bray, Solutions Director, Misys CMS. "An increased emphasis on
transparency means that customers expect a higher degree of automation and
more efficient confirmations. Our OTC Document Automation Service, which is
SAS 70 Level 2 certified can now provide a standardized repeatable approach
which fully harmonises processes across multiple instruments. This results in
reduced risk, higher cost savings and a more efficient process which clients
and counterparties appreciate."

Gil Bray adds, "We are constantly expanding the capability of
Misys CMS to offer our clients greater efficiency, performance and security.
This increased capability allows Misys to provide clients with a single
window into their post-trade confirmation activities significantly improving
risk management through an automated exact confirmations process with full
audit trail, alongside a shortened confirmation cycle, which reduces costs
and processes. In turn, these changes allow for heightened transparency."

About Misys plc

Misys plc (LSE: MSY), 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
    Solutions for Treasury & Capital Markets
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    FD
    +44(0)20-7269-7158
    sebastian.mathews@fd.com



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