Misys Helps To Value And Manage Collateral With Boosted Summit FT

Misys Banking Systems has announced the delivery of Misys Summit FT Version 5.0. The solution provides decisions on trade viability and the level of collateral required through real time tracking and assessment of collateral levels, an essential service in current

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Misys Banking Systems has announced the delivery of Misys Summit FT Version 5.0.

The solution provides decisions on trade viability and the level of collateral required through real-time tracking and assessment of collateral levels, an essential service in current market conditions where collateral values can change quickly.

The functional strength of the new collateral management module allows firms to better define underlying agreements, collateral eligibility and terms, and provides an integrated application to view, assess and manage the collateral process.

It also enables firms to manage repo collateral and margins, calculate market valuations and margin – on-schedule or on-demand – and also includes a wide range of valuation options to improve valuations of derivatives positions and collateral requirements.

The importance of the collateral management function within banks and hedge funds has grown in the last year and there is a broad desire for a single, integrated platform that allows for straight-through processing of collateral management activities, says Isabel Schauerte, analyst, Celent.

Our vision has always been to provide a solution that includes best-of-breed functionality in a full cross-asset front-to-back system and the significant investment in our collateral management offering means we now provide a ‘one stop shop’ for analysis, assessment and control of exposures and net positions in this area,” says Dan Cohen, global solutions manager, Misys Summit FT.

L.D.

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