TOPOFFICE - Misys

TOPOFFICE
CONTROL RISK, MANAGE FUNDING AND
ANALYSE PERFORMANCE ACROSS THE BUSINESS

TopOffice
TOPOFFICE
”A Spitfire could be flown well by any talented pilot. Today, planes have
evolved so much that this is no longer possible. No matter how skilled
the pilot, a Euro-fighter jet would crash if it wasn’t for the computer
guidance systems installed. Banks have evolved in much the same way
– increasing complexity and volumes make it nearly impossible to run
a bank without the aid of business tools. TopOffice acts as a business
guidance system for banks – it provides business leaders with the
real-time intelligence that they need to be able make effective decisions
and drive growth responsibly while minimizing risk.”
Like today’s complex aircraft, financial institutions
can no longer operate without real-time systems to
track and control their position. There is a demand
for management solutions that reach out across
business silos to deliver an integrated view of profit
and risk.
Designed from the ground up to capture,
aggregate and analyze data in real-time, TopOffice
is a complete solution for risk aggregation,
performance analysis and funding decisions.
For the C-Level, TopOffice provides a dynamic view
of risk. This provides executives an integrated realtime
view of P&L, balance sheets and the potential
risks, creating true business insight and giving the
opportunity to drill down into the underlying
information. In a world where banks are expected
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to know more and anticipate better, TopOffice
features a market leading scenario analysis engine
and innovative design tools that represent the
cutting edge of stress testing technology. Scenarios
and stress tests can be run efficiently, simply and
on an ad-hoc basis due to the underpinning
architecture that makes TopOffice a truly asset
class agnostic product. TopOffice delivers industry
leading data integration and aggregation across
business units, reducing operational risk and
lowering costs.
For financial institutions that recognise the need
to manage risk in real-time, TopOffice provides
a next generation, integrated business risk and
performance management tool. Banks that act
first to optimise capital and liquidity management,
will win in today’s uncertain, high stakes markets.

TopOffice
NEW OPPORTUNITIES,
NEW CHALLENGES
As financial institutions
strengthen balance sheets and
rebuild confidence as well as
their discretionary investment
portfolios, there is a fundamental
shift in focus from pure regulatory
compliance to transparency
and the implementation of best
practice. Funding efficiency and
liquidity risk have moved to the
top of the agenda.
It is no longer acceptable to have unexplained
or unknown risks in a portfolio. Consequently,
there is an imperative to develop a holistic view
across the business with the ability to dive down
into the underlying data on demand.
There is a greater emphasis at Board level on
the timeliness and granularity of reporting as
banks are expected to understand and
anticipate future scenarios better. This is
putting risk management under pressure to
run more frequent and efficient stress tests.
There is a fundamental shift in focus to
transparency and best practice, which is
forcing banks to upgrade their systems by
adopting an integrated real-time approach.
Key challenges
Balancing capital and liquidity
The cost of capital and liquidity is increasing,
markets are volatile and margins are slimmer.
In this environment, sophisticated funding
strategies are essential to enable banks
to balance the capital requirements with
liquidity needs.
Infrastructure won’t support real-time
There is a requirement to move from end-ofday
to intra-day reporting and, in some cases,
real-time distribution of data.
Lack of front office visibility
Lack of visibility over the risks being taken
in the Front Office, means businesses face
challenges determining the level of capital
to set aside for losses.
Business agility
To bring new products to market quickly while
ensuring pricing and risk is effectively reflected
and managed, banks need to have an intuitive
understanding of the product risks and what
action should to be taken in response to
external events.
Moving from accrued to real-time
accounting
Regulators demand consistency between
economic & regulatory risk and pricing models.
This means that Treasury, Risk Management
and Finance need to reconcile their models to
ensure all key parameters that feed into their
P&L are consistent.
More demanding scenario analysis
Market pressures are driving banks to take a
more comprehensive view over positions and
future liabilities, under a broader range of
potential scenarios. The time taken to build
and run scenarios can limit a bank’s ability to
anticipate their response to future events.
Multiple systems and high operating costs
Banks have data from multiple sources that
needs to be integrated. This is an expensive
and time consuming activity that hinders
accurate risk management.
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TopOffice
TOPOFFICE
MULTIPLE
DATA SOURCES
FRONT OFFICE
SYSTEMS
CORE BANKING
SYSTEMS
MARKET
DATA FEEDS
OTHER
DATA FEEDS
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HIGH VOLUMES
CONSISTENCY
TIMELINESS
GRANULARITY
COMPATABILITY
DATA INTEGRATION
AND CONSOLIDATION
OPEN
HIGHLY
SCALABLE
CONFIGURABLE
SCENARIO BASED
RISK SIMULATION
LIQUIDITY
RISK
CREDIT
RISK
MARKET
RISK
SCENARIO
STRESS
TESTING
RISK AGGREGATION,
ANALYSIS AND REPORTING
BUSINESS
INFORMATION
TOOLS
REAL-TIME
DASHBOARD
REGULATORY
REPORTING

TopOffice
WHY CHOOSE TOPOFFICE
Power to deliver real-time risk
adjusted P&L
TopOffice delivers true real-time, risk
adjusted P&L to the dashboard of the
senior executive – this is unique.
Lightening fast scenario creation
and stress testing
The advanced analysis engine and easy to
use graphical design tool enable users to
both create and run scenarios with multiple
risk factors, faster than any other solution.
Ultimate flexibility in reporting with
drill-down to the Front Office
TopOffice provides managers with new
and detailed insight on their bank’s
information and reports. Users have
complete reporting flexibility, with
the option to capture window of the
Front Office.
Solve the data integration challenge
The real-time platform and flexible,
rules based descriptive data model
solve data integration challenges
once and for all.
Unrivalled Scalability
Unique TopOffice technology
delivers unrivalled scalability
to address future growth.
Quick, cost effective implementation
TopOffice capitalizes on existing
infrastructure to greatly reduce the
implementation costs and time.
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TopOffice
Proactively manage the business based on
real-time risk adjusted p&l
The dashboard provided by TopOffice allows
senior executives to view and analyse their P&L
and balance sheets, and understand the risks
taken to deliver that performance, at a glance.
The power and flexibility of TopOffice means banks
can pre-price risk using their own valuation models
to create a real-time risk adjusted P&L. This allows
management to make funding decisions based on
the current reality rather than what’s happened in
the past.
Eliminate liquidity silos and optimise
use of capital
Designed to handle any instrument type,
TopOffice aggregates risk data from the bottom
up, across multiple asset classes to deliver
comprehensive reporting across business silos,
giving banks the visibility to optimise their use
of capital across the business.
Get competitive advantage with faster
time to market
As standard, the solution includes an extensive
range of preconfigured asset classes and the
relevant valuation models. This allows businesses
access to a wide range of new instruments and
products ‘out of the box’.
Critically, TopOffice does not have its heritage
from a particular asset class. It was built from the
ground up to be asset class agnostic. As a result,
it’s quick to add new asset classes however
innovative and complex they may be.
Furthermore, it’s easy to integrate third party or
proprietary valuation models. There is an extensive
library of market data types that are shared and
shareable across multiple asset types and models.
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Get visibility across the business to identify
new trading opportunities
TopOffice creates an integrated view across all
trading and banking book operations in real-time.
Visibility across the whole business enables
managers to identify strategies and actions to
optimize profitability.
Run multiple stress tests and drill down
into native views to assess risks quickly
The TopOffice stress testing engine and graphical
design tool allow risk teams to build and run
scenarios using any number of risk factors,
apply shifts to these risk factors, and re-run the
scenarios immediately.
The product provides drill through to the
respective market, counterparty and/or static
data to display the underlying risk drivers and
parameters. Uniquely, TopOffice also provides
a representation of the trade capture Graphical
User Interface (GUI) of the source system, in its
native reporting interface.
Upgrade to a single consistent platform
in a controlled manner
Businesses can implement a solution to meet their
exact needs without having to ‘rip and replace’.
This is because of the modular structure of the
product, integration tools provided, and support
for external pricing libraries and models.

TopOffice
TOPOFFICE AT A GLANCE
REAL-TIME DATA INTEGRATION
PLATFORM
AND TOOLS
Designed to operate in real-time, TopOffice provides data
acquisition and integration for the total range of
information required for risk and performance analysis.
ASSET CLASS AGNOSTIC DATA MODEL The data model supports any instrument type and tools
are included for the rapid on-boarding of new asset
classes.
PRICING LIBRARIES Top Office is shipped with its own pricing library, but
includes an open API for the rapid integration of 3rd party
and in-house developed pricing libraries.
GRAPHICAL DESIGN TOOL FOR
SCENARIO CREATION
SCENARIO ANALYSIS AND STRESS
TESTING ENGINE
DYNAMIC RISK DASHBOARDS AND
VISUALIZATION TOOLS
BUSINESS INTELLIGENCE,
OPEN API
Design tools enable fast, drag and drop creation of
scenarios by users, with any number of risk factors.
Highly efficient stress testing engine, enabling the rapid
creation and running of new scenarios. Includes pre-built
historical scenarios and hypothetical stress tests; scenario
management tools; regulatory scenarios, reports and
ratios; dynamic stress testing dashboards with drill down
and filtering.
Dynamic risk dashboards provide an integrated real-time
view of P&L, balance sheet and the underlying risks, with
full slice and dice of the data and drill through to the
underlying information.
An open API enables integration with any external thirdparty
applications or solutions. The API also allows banks
the ability to develop their own risk models and risk
reports using TopOffice code.
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MISYS RECENT MARKET RECOGNITION
NUMBER ONE TRADING SYSTEM
TECHNOLOGY PROVIDER
RISK TECHNOLOGY RANKINGS 2011
Number One Overall Trading System
Number One Pricing and Analytics – Equity
Number One Pricing and Analytics – Infl ation
NUMBER ONE RISK MANAGEMENT
TECHNOLOGY PROVIDER
ASIA RISK TECHNOLOGY RANKINGS 2011
Number One Overall Risk Management
Number One Trading System – Equities
Number One Trading System – Foreign exchange
Number One Trading System – Interest rates
Number One Derivatives pricing and risk analytics – Equities
Number One Derivatives pricing and risk analytics – Interest rates
Number One Derivatives pricing and risk analytics – Hybrids
Number One Support services – Implementation effi ciency
STRUCTURED PRODUCTS
TECHNOLOGY RANKINGS 2011
Number One Trading System – Equities
Number One Trading System – Interest rates
Number One Pricing and Analytics – Equities
ABOUT MISYS
Misys is at the forefront of the fi nancial software
industry, providing the broadest portfolio of
banking, treasury, trading and risk solutions available
on the market. With 1,800 customers in 120
countries our team of domain experts and partners
have an unparalleled ability to address industry
requirements at both a global and local level.
Misys and the Misys “globe” mark are trade marks of the Misys group
companies. Copyright© 2012 Misys. All rights reserved.
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STRUCTURED PRODUCTS
TECHNOLOGY RANKINGS 2012
Number One Trading System – Credit
Number One Trading System – Cross Asset
Number One Trading System – Foreign Exchange
Number One Trading System – Rates
Number One Risk Management – Collateral Management
BEST TRADING PLATFORM BACK OFFICE
ASIAN BANKER TECHNOLOGY AWARDS
LEADING SINGLE TECHNOLOGY
PLATFORM – PORTFOLIO, TRADING
AND RISK MANAGEMENT
HEDGE FUND JOURNAL AWARDS 2011
BEST RISK MANAGEMENT INITIATIVE
ASIA ASSET MANAGEMENT AWARDS
Misys was formed by the merger of Misys with
Turaz, which includes the award-winning Kondor+
product line. Combined they are able to address
all customer requirements across both the banking
and trading book businesses. Misys is the trusted
partner that fi nancial services organisations turn to
for help solving their most complex problems.
Find out more at www.misys.com