The solution has been upgraded to address the growing usage of cross-asset portfolio swaps, contracts for difference (CFDs) and exchange-traded funds (ETFs) of the financial institutions.
According to the Misys, the RISQUE 6.2 solution allows investment banks with flexibility on underlyings including bonds and convertible bonds, and payment rules, as well as a refined collateral management.
The RISQUE 6.2 solution introduces a new comprehensive event diary that accelerates the management of large complex cross-asset portfolios.
Misys claims that the solution delivers transparency on portfolio management, mitigating operational risk while increasing efficiency through improved straight-through processing. It has been enhanced to support of P&L explanation on fixed income, as well as liquidity-adjusted VaR.
The enhancements to Misys Sophis RISQUE 6.2 include: broader coverage and support for each asset class; the availability of credit-linked notes; and considering the credit risk of the issuing company and the reference entity into account for the different default events; enhanced management of physical gas specificities of Europe and US, enabling definition of derivative products such as gas US basis swaps.
The solution fully supports accounting book closures such as end of year, end of quarter, and end of month, with a configuration tool for centralized management of different component.
