China's Bank of Communications upgrades treasury operations with Misys Opics
08 June 2006 | 4074 views | 0
China's Bank of Communications (BOCOM) is implementing Misys Banking Systems' Opics platform to manage back office treasury operations at its head office in Shanghai.
Misys says Opics will be integrated with the bank's existing front-office infrastructure to form a central processing framework for treasury trade and STP management.
The vendor says the technology will enable the bank to consolidate across numerous instrument types, including FX, fixed income, OTC options, caps, collars, floors and swap options, repurchase agreements, deposits and loans, FRAs and futures.
A Workflow Manager module will further allow users to define, amend and manage confirmation matching, hedge accounting and cash in real time.
Murray Sargant, MD, treasury & capital markets, Asia, Misys comments: "The work-flow manager capabilities of Misys Opics give the bank an excellent solution to their STP requirements."
Phase one of the implementation is expected to go live by the end of 2006.