New York - 11 April 2006 - Misys Banking Systems is pleased to announce that Fannie Mae will use its Misys Summit FT solution to rationalise its systems for managing derivatives, debt, investments and issuance.

Misys Summit FT is a single, multi-asset class treasury and capital markets solution with built-in rules-based workflow engines that automatically move transactions in real-time from trading through to operations and risk management. For Fannie Mae, the system will act as a middle layer between many other applications thereby providing it with the infrastructure to enable straight-through-processing (STP) throughout the business.  The system will exchange data dynamically in real-time from various up-stream and down-stream applications that include market data and other accounting systems. 

 

Supported by superior real-time technology, depth of cross-asset and accounting functionality, Misys Summit FT will enable Fannie Mae to improve trade processing, streamline its operations and reduce costs.  The system is being implemented to cover a wide range of asset classes including fixed income and interest rate derivative instruments including highly complex structured products.

 

"We are delighted to extend our relationship with Fannie Mae," comments Ahmet Bilgen, Director of Sales Americas, Treasury & Capital Markets,  Misys Banking Systems.  "This is a trend we are starting to see, particularly within the larger institutions.  By choosing Misys and continuing with an existing, trusted supplier, the organisation is less exposed to risk when compared to the alternatives. Our exemplary track record of 100% success in implementations, the expertise of the staff within our support, consulting and development groups and the strong trusting relationship we build with our customers are decisive factors in such situations. The implementation has already started and we are working towards a go-live with the first phase of the project. "

For further information, please contact:

 

Suzanne McLaughlin
Global Marketing Communications Manager, Treasury & Capital Markets
Misys Banking Systems
+ 44 20 7549 4764
suzanne.mclaughlin@misys.com

 

Caroline Parker / Dan Davies 
Financial Dynamics
+ 44 207 269 7295
caroline.parker@fd.com / dan.davies@fd.com

 

Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream

Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

 

About Misys Banking Systems

 

Misys Banking Systems supplies over 1,200 customers in over 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 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.

 

About Misys plc

 

Misys plc (FTSE: MSY), 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 about 7,800 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

 

Misys. Making things that really matter, work better