HDFC Bank chooses Misys for rates derivatives

HDFC Bank in India will adopt Misys Summit to process interest rate and currency derivatives. The system is scheduled to go live at the end of this year.

HDFC and UK technology provider Misys are also in discussion to use the system for equity and credit derivatives.

“We have grown significantly since starting operations a decade ago, and we aim to maintain that growth and ensure we remain an innovator in the Indian and global markets,” said Sudhir Joshi, Mumbai-based treasurer of HDFC Bank.

Joshi said Misys Summit was chosen for its strong front-to-back, real-time features – from deal capture, pricing, analytics and hedging through to risk management and straight-through processing.

HDFC Bank is the first Indian financial institution to select Misys Summit since Misys opened a sales office in Mumbai.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here