China Bohai Bank deploys Misys Opics platform

China Bohai Bank deploys Misys Opics platform

Misys Banking Systems says China Bohai Bank, which was established in February this year, has gone live with its treasury, derivatives and capital markets technology, Opics.

Since going into operation, the system has achieved straight-through processing (STP) of treasury operations, from front to back office.

Misys says the system can implement cash flow and interest rate sensitivity analysis and risk value analysis on foreign exchange, money market, securities and derivatives transactions.

The bank has also installed Misys' Opics Risk module.

Liu Zheng Quan, CIO, China Bohai Bank says the framework will enable the bank to do business across a range of systems: "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."

Formed in February 2006, the start-up is preparing itself for an agressive branch expansion in 2007. "We have very dynamic plans for this bank and need robust, state-of-the-art treasury systems to help us drive growth," adds Quan.

Misys says the bank is the tenth in the region to licence the Opics system.

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