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."