Misys Launches Summit FT Version 5.6 to Comply With Increased Regulatory Controls

Misys Launches Summit FT Version 5.6 to Comply With Increased Regulatory Controls PR Newswire LONDON, October 15, 2012 LONDON, October 15, 2012 /PRNewswire/ -- New functionality in the cross-asset front-to-back treasury and capital markets system supports central clearing, margin management and OIS discounting Misys, the global leader in treasury and capital markets solutions, announced today the release of Summit FT Version 5.6, which enables capital markets firms to quickly adapt their operations to accommodate the growing volumes of OTC trades being centrally cleared, and to meet the latest requirements of both Dodd-Frank and EMIR. Ongoing and frequent announcements to these regulations, such as the recent swap definitions and the change to the methodology of pricing interest rate derivatives (OIS), requires adaptable technology. Summit FT Version 5.6 supports these new requirements, improves automation and regulatory reporting and has been built with the flexibility to handle new regulations as they are defined. "The problem organisations are facing is the challenge to implement a multitude of changes quickly to meet the vast array of regulatory requirements. The new version of Summit FT provides a comprehensive central clearing framework that simplifies this process," said, Samer Ballouk, Solution Director for Summit FT at Misys.