Misys Unveils SummitFT 5.6
The new version includes updated fields for reference data requirements such as the Legal Entity Identifier (LEI), Unique Swap Identifier (USI) and others. Along with swap definitions from regulators, Misys has also inbuilt new interest rate derivatives pricing models, integrations with its collateral management offerings for enhanced straight-through processing, and new workflows for margin reporting and processing.
"The problem organisations are facing is the challenge to implement a multitude of changes quickly to meet the vast array of regulatory requirements. The new version of Summit FT provides a comprehensive central clearing framework that simplifies this process," says Samer Ballouk, solution director for Summit FT at Misys. "With Swap Execution Facilities to be appointed and LEIs to be decided by the end of 2012, the flexible framework of Summit FT's trade repository and interfaces to central clearers ensures that customers are ready to meet existing and future requirements as they evolve."
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