Misys has announced that three leading Asian financial institutions have signed agreements to use Misys Summit for their treasury and capital markets requirements. ICBC, Japan Post and Asian Development Bank have all started implementing the front-to-back office solution. Each of the organisations will utilise Misys Summit for the pricing of complex structured trades and trade processing.

China Zheshang Bank (CZB), the commercial bank in Zheijang province of China, has gone live with Misys Opics and its risk management module, Misys Opics Risk. Misys Opics has given the bank a single STP system for its treasury function to provide automation, while Misys Opics Risk brings market-leading risk management capabilities to the bank. The Misys solutions for CZB have been rolled out throughout 2006 from the front office to the back office, with the final stage of the roll out of Misys Opics Risk programme lying in the middle office going live in September 2006.

CZB was opened in August 2004 with registered capital of more than 1.5bn yuan (US$181.2). It was formed based on the restructuring of Zhejiang Commercial Bank, which predominantly provided off-shore banking services. ( Misys )

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