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Misys Banking Systems brings advanced treasury operations and risk management capabilities to China Bohai Bank

Beijing – 17 May 2006 – Misys Banking Systems announces today that China Bohai Bank, China’s newest bank, has gone live with Misys Opics and its risk management module, Misys Opics Risk. Misys Opics introduces a high degree of automation and reduces the cost of processing complex transactions, while Misys Opics Risk brings market-leading risk management capabilities to the bank.

Since going into operation, the bank’s system has achieved straight-through processing of treasury operations from front-to-back office, improving the levels of automated business processing. The system can implement cash flow and interest rate sensitivity analysis and risk value analysis on foreign exchange, money market, securities and derivatives transactions. Market risks are monitored in a timely and comprehensive manner, greatly improving the bank’s risk management capabilities.

The bank was established in the Bohai area in February 2006 and is expected to expand aggressively with plans to open branches in the Yangtze River and Pearl River deltas in 2007. Using Misys Opics, the bank will be able to run highly flexible front, middle and back office treasury functions which will allow fast growth and a high level of functionality.

Chief Information Officer of China Bohai Bank, Mr. Liu Zheng Quan, is excited about the prospects for the bank. “We have very dynamic plans for this bank and need robust, state-of-the-art treasury systems to help us drive growth. Misys Opics has already made a real impact in China’s banking market and most of the leading players here have adopted the system. We like the fact that it is proven in the market and will easily link in with Vanda’s Core Banking and Reuters dealing networks. We want to be able to do business right across this range of systems whilst growing quickly and Misys Opics allows us to do this.”

Murray Sargant, Managing Director, Treasury & Capital Markets Asia, Misys Banking Systems adds: “This is the tenth Chinese bank that has signed up to use Misys Opics which is evidence that we are fast gaining a great reputation in the region. Many of these banks are set to grow quickly in the next five to ten years and we are delighted that so many of these banks have chosen to base that growth on Misys products.”