Misys is implementing its Opics solution at Bank of Communications (BOCOM) to manage the transaction workflow of treasury trades and to facilitate STP in the bank’s head office in Shanghai.

The solution is being installed as the bank’s central processing tool and is being integrated with existing applications at the bank including its front office trading application. Phase 1 is expected to go live by the end of 2006. A major part of the project at BOCOM is to implement the Workflow Manager option of Misys Opics to consolidate back-office and operations processing, which will manage STP exceptions and improve efficiency at the bank.

Misys Opics provides front to back-office processing for a wide variety of transactions. Specifically for BOCOM the solution will enable the bank to consolidate across a wide variety of instrument types, included Foreign Exchange, Fixed Income, OTC Options, Caps, Collars, Floors and Swap Options, repurchase agreements, deposits and loans, FRAs and futures. Workflow Manager compliments the suite by centralising back-office and operations processing, updating in real-time, and allowing users to define, amend and manage their own workflows and procedures including confirmation matching, hedge accounting and cash management. ( Misys )