ZKB goes live with Misys Risk Vision 5.5 for integrated Credit Risk Management and Limits Management

29 March 2010

Misys plc (FTSE: MSY.L), the global application software and services company, announces today that Zürcher Kantonalbank (ZKB) is now live on the latest version of the enterprise-wide risk management software, Risk Vision. The bank is implementing the latest version of Misys Risk Vision to gather and analyse exposure to risk across its entire business on a local level as well as globally.

As a long-standing user of Misys Risk Vision, ZKB had the confidence to maintain a complete and up-to-date view and understanding of its risk exposure during the recent financial crisis. It was keen to take advantage of the latest functionality of Misys Risk Vision 5.5 to drive further improvements. Through real-time views, ZKB benefits from enhanced exposure measurement, limits management and improved risk mitigation.

The latest release of Misys Risk Vision has enabled ZKB to benefit specifically from expanded risk mitigation functionality in the area of netting agreements and collateral. It provides ZKB with additional coverage in the areas of Commodities, Swaps and Annuity Loans. Continual optimisation of both intra-day and end-of-day performance allows better management of daily workflows. This ensures the accuracy of real-time exposure information for use by both front-office users (via Pre Deal Check (PDC)) and credit decision makers.

ZKB’s Head of Credit Risk Management, Dr. Luc Seydoux states: “Risk Vision 5.5 provides us with the ability to execute more stringent credit risk management processes. When the markets were in turmoil during the fourth quarter of 2008, Misys Risk Vision was of paramount importance to ZKB. We have significant trading operations so having the information available in real time was crucial to knowing our risk position relative to our counterparties’ credit risk.”

We are committed to ensuring our risk solutions are fully integrated within a bank’s risk framework for true risk consolidation, while broadening the functional coverage of our components through R&D and partnerships. Misys Risk Vision is one of the suite of risk solutions from Misys, providing customers with an integrated risk management framework. Risk Vision is an enterprise-wide risk management system used by banks to manage market risk, credit risk and limits in an integrated way with a single view of every risk exposure across all business areas.

David Stewart, Solutions Director, Misys Risk, commented: “The development of Risk Vision has centred on offering financial institutions a total view of their risk whenever and wherever it is needed. We are delighted to have worked with ZKB to ensure our enhanced functionality offers greater performance and flexibility to their risk management procedures.”

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