China Merchants Bank (CMB), the largest credit card issuing bank in China, has gone live with Misys Opics Risk to processes and analyses the bank’s profit and loss and interest rate risk exposure in its front, middle and back-office operations at its head office in Shenzen, China.

Misys Opics Risk has been integrated with the Bloomberg, Reuters and Bank Nostro systems in the bank as well as CMB’s own retail foreign exchange system to give it optimal market information on prices and deal values.

CMB is using the software to run daily stress tests, calculate P&L, manage interest rate risk and calculate riskmetrics VaR across a diverse portfolio, including OTC options, swaps, foreign exchange and foreign investment.

China Merchants Bank has over 30 branches in China and Hong Kong and associations with a network of over 400 locations. In addition, CMB also has a US representative office in New York. CMB has partnerships with more than 1000 banks in more than 80 countries. ( Misys )