The risk management solution from Misys processes and analyses the bankâs profit and loss and interest rate risk exposure in its front, middle and back-office operations. Misys Opics Risk has been integrated with the Bloomberg, Reuters and Bank Nostro systems in the bank as well as CMBâs own retail foreign exchange system to give it optimal market information on prices and deal values.
Misys Opics Risk is an advanced market risk and portfolio management solution aimed at reducing treasury costs and increasing returns. It is a complete risk management tool with broad instrument coverage and a depth of functionality that enables financial institutions to manage, model, forecast and report risk for all levels: the institution itself, the controllers of the institution and clients of the institutions.
CMB is using the software to run daily stress tests, calculate P&L, manage interest rate risk and calculate riskmetrics VaR across a diverse portfolio, including OTC options, swaps, foreign exchange and foreign investment.
âThe Misys Opics Risk solution was a natural choice for us,â comments Dr. liu Xiao-La, Assistant General Manager, Treasury China Merchant Bank. âWe have a large international network of branches, across China and the US, as well as our online Internet banking operation. When we looked at other solutions on the market none came close to having the breadth of functionality that Misys offered. This, along with a deep knowledge of our sector and market made Misys an ideal partner for us and we are looking forward to continuing our relationship with them in the months and years to come.â
âWe have worked with China Merchant Bank for a number of years and weâre delighted that theyâre now using Misys Opics Risk at their head office,â adds Murray Sargant, Managing Director Asia Pacific for Treasury & Capital Markets, Misys Banking Systems. âThe bank is using an outstanding application that will enable it to deal with all its risk management needs in day-to-day operations.â
China Merchant Bank has over 30 branches in China and Hong Kong and associations with a network of over 400 locations. In addition, CMB also has a US representative office in New York. CMB has partnerships with more than 1000 banks in more than 80 countries.