China Merchants Bank (CMB) has gone live with an advanced market risk and portfolio management solution from Misys. Implementing Misys Opics Risk Plus at its head office in Shenzhen will enhance risk management, enabling the bank to identify further growth markets.

CMB became one of the first banks in China to install a first generation Misys Opics solution in 2004. As the risk management mandate has continued to evolve, however, CMB needed a more complex risk management solution, and chose to leverage its strategic relationship with Misys.

Misys Opics Risk Plus is a complete risk management tool which will allow CMB to create historical simulation and set a complex range of risk limits to cover all trade situations. The solution will help the bank reduce treasury costs and increase returns through improved accuracy of market valuations within the bank’s portfolio. It will also help CMB’s users to better manage cash flow analysis, interest rate sensitivity and risk value exposure on foreign exchange, money market, securities and derivatives transactions, enabling better risk control.

In the growing Asian financial markets, many banks are recognising the need for increasingly sophisticated risk management systems. Earlier this month, Misys installed Opics Risk Plus in three weeks at another Chinese bank, where speed of implementation was vital. A major bank in the Philippines also became the first in that country to go live with Misys Opics Risk Plus, leveraging the flexibility of the system to establish a highly tailored risk analysis support tool for risk management solutions in their front office.

Misys Treasury & Capital Markets has 17 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes. Misys Treasury & Capital Markets currently works with China’s top five banks and more than ten key policy and commercial banks in China.

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