Misys Announces Adam Smith Award for Treasury Innovation

London and New York - 18 September 2013

Best Risk Management Solution award for treasury project using Misys Confirmation Matching Service awarded to Microsoft

For the innovative use of Misys treasury management technology, Treasury Today Magazine awarded Microsoft Corp. the Best Risk Management Solution award at the Adam Smith Awards 2013. The award was given for Microsoft’s initiative to implement automated matching of FX option post-trade confirmations with its banks using Misys Confirmation Matching Service (CMS), significantly improving risk management across its treasury business. With ISDA Master Confirmation Agreements now in place with its counterparty banks, Microsoft has been able to make this a paperless and automated process.

To meet the project specifications, Microsoft and Misys worked closely to deliver an interface between the two companies to enable automation and straight-through processing of all FX options transactions. Misys installed dedicated telecommunications lines to Microsoft to ensure secure and uninterrupted access to the CMS platform. Throughout the process, Microsoft was able to carry out extensive testing of features and enhancements within Misys’ controlled quality assurance environment and now uses the platform to automate and streamline its post-trade processes.

“The Microsoft Treasury and Misys product and project management teams have collaborated to deliver an award winning treasury solution,” said George Zinn, corporate vice president and treasurer at Microsoft. “Throughout the project, Misys was extremely flexible when it came to meeting our needs and worked hard to deliver a world-class solution. We are delighted to win the award for treasury innovation.”

Misys Confirmation Matching Service (CMS) facilitates the confirmation process between SWIFT and non-SWIFT counterparties and offers an unprecedented level of functionality across the broadest possible spectrum of instruments and counterparties. CMS is recognized throughout the world as the premier solution in the post- trade treasury market. Over 1,100 Banks, brokers, fund managers and corporate treasuries currently use CMS to improve efficiency and reduce risk.

The winners of the Treasury Today Adam Smith Awards 2013 were announced on Thursday 20 June 2013 in a ceremony at Plaisterers’ Hall, London.

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