London / New York - Misys Banking Systems, a global leader in banking software and solutions, today announces that Dutch pension fund PGGM is now settling foreign exchange trades via Continuous Linked Settlement ("CLS") through its use of the Misys Treasury Plus automated third-party trade notification service.

PGGM has been a Misys customer for many years, taking advantage of the industry-leading Misys Treasury Plus post-trade confirmation matching service. In 2005, when PGGM took the strategic decision to move its foreign exchange settlement process to the CLS platform, it immediately looked to Misys to provide connectivity to its chosen CLS third party provider.

Without using Misys Treasury Plus, PGGM would have had to build a whole new interface directly to its Settlement Member, which would have been costly and time consuming.  Using standard SWIFT messaging, Misys Treasury Plus has given PGGM a cost effective, more efficient and more rapid way to communicate with its CLS settlement member.  

The solution automatically generates and delivers trade notification messages to PGGM's chosen CLS member bank, for CLS eligible trades.  PGGM began using the Misys CLS service in February 2006 and is now settling a large percentage of its foreign exchange trades over CLS, with volumes still on the rise.  Misys Treasury Plus has provided PGGM with a single application to manage its CLS and non-CLS FX trade confirmations, saving costs and improving efficiencies in the business.

Ben Evers, Functional Application Manager, PGGM, comments, "PGGM has a long-standing relationship with Misys, using its treasury confirmation matching solution, Misys Treasury Plus, which is fully integrated with our treasury management system. We submit all of our foreign exchange trades to Misys for matching and it was therefore natural that we should look to them to facilitate the messaging component between PGGM and our chosen CLS Settlement Member.  We are extremely pleased with the solution that Misys provides and we are now benefiting from the reduction in settlement risk and operational efficiencies that being a CLS participant brings."

Neil Macro, Product Solutions Manager, Misys Global Managed Services, adds, "We are delighted to be able to bridge the gap between PGGM and its CLS settlement member and to automate its back office processes further.  Making use of our SWIFT messaging capabilities, we can immediately deliver trade notification messages to any CLS Settlement Member in a generic, industry standard format. This solution lends itself perfectly to Misys Treasury Plus customers wishing to become CLS participants, without the need to build additional complex interfaces with their chosen CLS third party provider."

For further information please contact:Faith Chanda                                                             Edward Taylor
Marketing Manager                                                   Global Head of Public Relations
Misys Global Managed Services                            Misys Banking Systems
+1 (845) 501-0781                                                   +44 (0) 777 55 66 561
faith.chanda@misys.com                                        edward.taylor@misys.com  

About Misys Banking SystemsMisys Banking Systems supplies over 1,200 customers in more than 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world and sales, implementation and customer support teams in nearly 30 countries. One third of the world's commercial loans, half of traded loan volumes and one in every eight global FX transactions are conducted using Misys systems.  Misys invests heavily in research and development and is one of the top industry spenders, investing nearly ten per cent of total revenue per annum.  Misys Banking Systems is part of Misys plc.

About Misys plc
Misys plc (FTSE: MSY.L), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com