Ensures improved operational efficiencies, reduced risk and reduced costs

From automated confirmation generation, settlement messaging and payment processing to real-time trade position viewers and accounting, Misys Summit FT streamlines your operations, improves STP and lowers costs. It’s open architecture and out-of-the box interfaces ensure smooth integration with third party system providers and in-house systems. The solution’s real-time event-driven workflow servers ensure that transactions are delivered exactly where they need to be, anywhere in your organisation, regardless of volume or instrument type.

The solution automatically handles cash and security settlement processing including confirmation, document generation and payment messaging, helping you to streamline operations and reduce costs with one cross-asset view. Summit FT delivers a full view of your organisation’s liquidity position at anytime with a consolidated view of cash positions.

Real-time exceptions management - Misys Summit FT provides real-time exceptions so they can be actioned as they occur. The solution enables you to define the business rules that control the criteria that will trigger exceptions and the resulting trade workflow. With the Summit FT solution most transactions flow through requiring no intervention so you can focus on those that need follow-up.

Collateral management & Margining- Misys Summit FT has proven collateral and margin management capabilities. Summit FT's Collateral Management and Margining module enables the monitoring, measuring and management of counterparty exposure in real-time. Fully integrated within Summit's STP workflow, it delivers the full benefits of its cross-asset strength - helping you to manage, control and minimise risk. Click here for more.

Meeting regulatory standards - Misys has been working with customers since 2009 to enhance Summit FT’s trade entry and workflow, and post-trade processing capabilities to ensure customers are equipped to meet immediate need for increased transparency and enhanced risk management in a centrally cleared environment. We are compliant with the latest ISDA standards including Big Bang, Small Bang and fixed coupon as well IAS, FAS, MiFID and Sarbox. For FAS and IAS we provide a solution to the issues of trade linkage and hedge effectiveness raised by these international accounting standards – data is stored and is fully auditable to demonstrate compliance.

Central Counterparty Clearing - Enhancements to Summit FT’s trade entry and workflow screens facilitate seamless STP across all counterparties for both cleared and non-cleared trades. Using the new functionality, users can electronically capture, consolidate and automate data related to central clearing counterparties, registration, fees, commissions and valuations. Through a partnership with MarkitServ, Misys customers now have direct connectivity to central counterparties (CCP), SEFs and trade repositories, significantly simplifying the trade workflow. Leveraging this seamless connectivity, customers benefit from real-time bilateral trade routing, affirmation, matching, allocation, confirmation, give-up and reporting for both cleared and non-cleared OTC derivative trades. click here for more

Settlements & Payments - The solution includes a wide range of SWIFT messaging for settlements and payments.

Accounting - the solution provides a flexible accounting module that efficiently manages a full range of lifecycle events for all asset classes. It enables multiple accounting treatments to be run in addition to back-valuation, automatic posting and account reclassification, while maintaining book and value-dated balances. Customisable charts of accounts can be created with interfaces seamlessly linking the systems to a wide range of external general ledger systems