Misys Confirmation Matching Service
Confirmation Matching Service (CMS) facilitates the confirmation
process between SWIFT and non-SWIFT counterparties and offers an
unprecedented level of functionality across the broadest possible
spectrum of instruments and counterparties. CMS is recognized
throughout the world as the premier solution in the post- trade
treasury market. With a critical mass of clients using the system,
CMS is able to offer the broadest coverage possible to financial
institutions and commercial counterparties, enabling them to use a
single window for all confirmation management requirements.
CMS automatically tracks and responds to changing SWIFT
standards and is compatible with a broad range of back-office
systems. The seamless automation it brings helps to mitigate risk
and improve efficiency by reducing confirmation errors, enabling
faster processing and facilitating enhanced compliance.
Delivered on a Software as a Service (SaaS) basis, CMS allows
clients to automatically match transactions from SWIFT and
non-SWIFT partners in a single, streamlined solution, safe in the
knowledge that the financial details of trades in FX, money market,
put and call options, OTC derivatives, exotic options and metals
are being confirmed in a secure environment. Messages may be
enriched with specific settlement instructions, either manually or
automatically; while with both counterparties able to access a
complete record of transactions, operational risk can be
reduced.
Over 1,000 customers currently use CMS to improve efficiency
and reduce risk. The solution is SSAE 16 and ISAE 3204 Type II
compliant. Banks, brokers, fund managers and corporate treasures
can all benefit from CMS, and specifically from access to:
- A single window across the widest variety of capital markets
instruments and the largest client base in the market
- User friendly navigation
- A flexible infrastructure incorporating a translation
capability to handle buy side non-standard file formats
- More than a decade of expertise unrivalled in the
marketplace
- One of the largest non-bank SWIFT members, by volume
- SSAE 16 Type II annual reviews
- A solution that processes more than $125 billion in trade
confirmations every day and over six million trade confirmations
annually
- The industry leader in FX, MM, NDF, FX Options, Precious Metals
and Base Metals
- The revolutionary 'Instrument Wizard' that allows functionality
to be adapted to nearly any capital markets instrument
- A 'Software-as-a-Service' architecture that requires no upfront
investment in infrastructure or implementation, and no ongoing
requirement for the customer to host, manage and maintain it