Misys PLC

Media

Misys launches proven commercial lending software solution for banks in Asian market

Support for Asian-characters in flagship loan market solution, Misys Loan IQ, will aid commercial loan processing efficiency and reduce operational risk.
Move comes at a time when Asia is only continent globally where syndicated commercial loans are still growing

5 June 2008 – A new powerful software solution specifically developed for Asian banks with commercial lending operations was launched today by Misys, the global application software and services company. For the first time, Misys’ flagship loan market platform, Misys Loan IQ, will feature support for double byte characters (Chinese, Japanese, Korean) enabling financial services institutions in Asia to leverage its globally proven straight through processing capabilities in local market languages.

The solution is being launched to the Asian market at the APLMA 10th Annual Asia Pacific Loan Syndications Conference, held in Shanghai, and arrives at a time when Asian countries are outperforming traditional financial centres in the global commercial lending industry. According to the latest data from Thomson Financial, Asia (ex-Australia) loans posted the highest first quarter volume of all-time with US$140.5 billion of proceeds in the first three months of 2008. This represented a 36% increase compared to US$103.1 billion in loan proceeds in the same period last year.

With deal sizes increasing, Misys is entering the market with the leadingcommercial lending solution facilitating the origination, syndication, trading, servicing, accounting and reporting functions for syndicated and bilateralloan portfolios. Misys Loan IQ is already used by 13 of the top 20 Syndicated Loan Book runners globally (accounting for over 1/3 of the world’s syndicated loans) while 7 of the top 10 U.S. Lead Arrangers use the solution.

Graeme Beardsell, Managing Director, Misys Asia Pacific, comments: “Many global banks already use the Misys Loan IQ solution in Asian offices and this new support for Asian language characters will help more local market institutions to take advantage of the regional growth in the syndicated lending market. Because GDP growth in the Asia-Pacific region is still strong, business lending in this region - particularly in China and Japan - will likely increase throughout 2008 as Asian banks have limited subprime exposure and adequate capital reserves to support lending activities.”

The development also represents a major milestone in the technology roadmap of Misys Loan IQ. For the latest release, the solution has been transitioned to a Java technology platform which is a stepping stone to a full SOA architecture.

Misys Loan IQ is a comprehensive solution that covers the entire life cycle of a commercial loan - from origination and deal tracking to agency servicing and secondary trading. It currently handles one third of the world’s syndicated loans and half of the world’s secondary loan trades.

Misys Treasury & Capital Markets has 18 years of loan 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.

Media enquiries:
Stephen White
Misys Treasury & Capital Markets
t. +44 (0) 207 757 6134
stephen.white@misys.com

About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world’s best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Misys - solutions for

Banking Treasury and Capital Markets Healthcare Open Source