- Memory Matching enables automatic matching of trades
- Enhanced SSI (Standing Settlement Instructions) processing
- SWIFT MT399 messages improves customer/bank communications
London/New York – 11th May 2006 – Misys Banking Systems today announces the launch of Release 1.2 of Misys Treasury Plus, the only treasury portal to deliver transaction and application services on a single platform. This release significantly improves throughput and exception handling and reduces risks for corporate treasurers.
The Memory Matching feature in Misys Treasury Plus improves the rate of matching instructions on Foreign Exchange (MT300) deals. The system allows users to match similar but not identical instructions and store them in a synonym file for subsequent consideration during all future trades. For example, a synonym could be set up that would match “Citibank, N.A.” on one side of the deal to “CITIUS33” on the other. Memory Matching allows users to define, store and manage these instruction synonyms in a library which is accessed by the system during the matching process.
In addition to adding six new SSI reports to Misys Treasury Plus, SSI instructions can now be copied from one template to another making the set-up process much easier. A new SSI Notification start date feature adds flexibility to the SSI Notification system by allowing users to set a date and time from which notifications will be made viewable to their Notification Groups.
Users of the new version of the portal can transmit time-critical information to their counterparts across the SWIFT network with an added MT399 messaging capability. All messages include a copy of the underlying trade and any free-format text added by the user, ensuring that urgent foreign exchange investigation information is received by the treasury operations area of financial institutions as soon as possible. Prompt resolution of such investigations significantly reduces the operational risk associated with post-trade confirmation processing.
“Our treasury customers are all striving for greater STP and reduced risk. By adding the MT399-based messaging service to our portal, they will now have an alternative secure form of instant messaging”, comments Mark Davies, General Manager of Misys Global Managed Services, Misys Banking Systems. “Memory Matching and our SSI enhancements will help treasurers decrease the time spent on exception processing and improve STP rates. We now have over 4,000 users of Misys Treasury Plus and these changes to the system will further enhance their experience of using the portal and give them the tools they need to achieve their operational goals.”