Misys boosts structured portfolios

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Misys is responding to growing demand for structured products.

According to Misys, recent months have seen significant growth in the use of structures such as equity/index-linked products, early redemption products, convertible products and multi-asset class products.

To help banks capitalise on market opportunities, the new Misys Opics Plus solution for Structured Products builds on existing support for retail structures with 30 new complex instruments including CMS structures, inflation structures and range accruals.

Baron Canon, structured products solutions manager, Misys, said: "Structured products are increasingly seen as the primary vehicle to match an investors return demands with their risk aversion. With investors seeking higher returns, capital guarantees and participation in diverse markets, we're enabling financial institutions to offer a variety of structures to achieve their goals."

"Robust systems that promote transparency, flexibility and risk management are imperative if institutions are to offer these structures with confidence."

Along with giving organisations the ability to respond to changing market conditions and adapt to the most profitable structured products, the release also incorporates new pricing and valuation libraries available through Misys' alliance with NumeriX, a leader in pricing and risk analytics.

Misys Opics Plus uses NumeriX maths libraries for pricing and cash flow generation via multi-factor models, which delivers accurate pricing on structured trades and aids risk management.

Misys Opics Plus Structured Products offers a variety of complex instruments such as Range Accruals, CMS Structures, Inflation Structures, TARNS, Inverse Floaters, Snowballs and Step Ups; all with advanced pricing and valuation via NumeriX.

Structures are available as notes and swaps. Structures can include multiple calls, Knock Outs, caps, floors and can be stepped up or down.

Opics Plus is a straight through processing (STP) solution that helps financial institutions to increase their STP rates, reduce the cost of transactions and minimise reconciliation.

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