HDFC Bank chooses Misys for rates

News in brief

India's HDFC Bank will adopt Misys Summit to process interest rate and currency derivatives, with the system scheduled to go live at the end of this year. The bank is also looking at whether to use the system for equity and credit derivatives.

Summit was chosen for its strong front-to-back, real-time features, says HDFC - from deal capture, pricing and analytics to risk management and straight-through processing. HDFC Bank is the first Indian financial institution to select Misys Summit since

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