The Industrial and Commercial Bank of China (ICBC) has successfully completed a major 17-month project to implement Misys’ Summit FT – a leading treasury and capital markets solution that enhance trading efficiency on financial derivative market.

The development underpins the expansion of ICBC’s treasury and capital markets business in the high-growth structured products area and will enable the bank to process high volumes of complex structured trades.

Phase one of the implementation saw the bank go-live on Misys Summit FT’s Fixed Income Back Office modules within weeks of ICBC’s listing in October, 2006. Following this, a second phase was completed by the bank to take delivery of a front-to-back derivatives system which went live in May. Finally, ICBC has successfully implemented Foreign Exchange and Money Market back-office system with Misys Summit FT.

Misys now provides treasury and capital markets solutions and services to the top five banks in China.