New innovative online loan syndication solution launched by Misys for primary commercial loan industry

• Dresdner Kleinwort named as first subscriber of new solution, Misys Loan Coordinator
• Leading analyst firm, TowerGroup, recognises banks’ challenge to manage entire deal lifecycles

16th September – Commercial lending firms operating in the primary loan market are to have access to the first front-to-back internet-based book-building (US: book-running) platform brought to market by Misys, the global applications software and services provider.

The new solution – branded Misys Loan Coordinator – will leverage an innovative software-as-a-service (SaaS) model to improve syndicate visibility and workflow in deal management, book-running and reporting for primary loan market participants.

Misys acquired eLoancoordinator™ from Dresdner Kleinwort, the investment banking division of Dresdner Bank AG, in September 2007 and has since developed it into the new Misys Loan Coordinator. Managed in real-time, Misys Loan Coordinator provides book-runners, borrowers and investors with comprehensive pipeline information required to track, analyse and manage syndicated loans on a single online site. It reduces operational risk and boosts efficiencies by eliminating coordination delays, multiple emails and paper reports.
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Bill Fish, Head of Global Loans & Transaction Services at Dresdner Kleinwort, comments: “eLoancoordinator™ had a hugely positive impact on our business. By providing a common market platform for issuers, bookrunners and investors to access critical information about a deal’s progress in real time and a secure manner, it helped enhance transparency in the primary loan markets. Going forward, I expect Misys Loan Coordinator to become the market standard for efficiently managing risk and positions across the life of a commercial loan going forward.”

Patty Hines, Senior Analyst at TowerGroup, the leading research and advisory services firm focused exclusively on the global financial services industry, adds: “The ability to syndicate commercial loans is at the heart of the continued growth in commercial lending. The lead syndicate bank is able to reduce loan exposure by moving most of the loan assets off its balance sheet, while the member banks boost their asset levels by purchasing shares of syndicated loans. Even with the current market volatility, there is continued growth in deal sizes which is leading to more complex syndications, and this makes it crucially important for firms to find robust solutions to manage the entire deal lifecycle.”

Ken Katz, Global Product Manager for Misys Loan IQ, says: “There are lot of stress factors affecting systems that have grown organically; loans are getting larger and more complex, and there are increasing numbers of participants in deals. We’re seeing widespread reliance on spreadsheets and manual document distribution which is causing people a lot of pain, so by providing Misys Loan Coordinator as an installation-free, software-as-a-service solution to the market, we can quickly help firms enhance transparency and risk management to the benefit of all parties.”

Misys Loan Coordinator will be available both as a standalone solution and as part of an integrated front-to-back Misys Loan IQ solution for managing key commercial lending activities. 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, 1,200 hospitals and 600 home care providers. Misys employs around 5,500 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. Contact us today, visit: www.misys.com