Murex Announces New Signature in China: Bank of China

Beijing (ots/PRNewswire) -

Murex's MX.3(TM) platform chosen by Bank of China to provide a
fully integrated front-to-back solution for treasury & trading.

Murex, the leading provider of integrated trading, risk management
and processing solutions, today announced that Bank of China, one of
the world's top 10 leading banks ("World Top 1000 Banks", The
Banker), has selected the MX.3(TM) platform to streamline their
treasury and trading activities for growth.

After a thorough due diligence process and proof of concept
involving all key vendors in the market, Murex's MX.3(TM)
front-to-back integrated platform was selected to replace Bank of
China's legacy systems and create a consolidated infrastructure to
enhance STP efficiency and improve risk management and control.

The implementation spans a comprehensive spectrum of asset classes
(Foreign Exchange & Money markets, Fixed Income, Foreign Exchange
Derivatives, Interest Rates Derivatives, Commodities, Equity
Derivatives, Credit Derivatives and Inflation) and will cover all key
functions of the trade life cycle from front to back office,
including risk and collateral management, with the aim of enhancing
business processes, cost and performance analysis and opening the
door to new development projects.

Commenting on the selection of the Murex platform, Zhang CHEN,
Head of Information Management, Bank of China: "In a context of rapid
growth and development, Bank of China is due to increasingly play a
significant role in local and global financial markets. Following the
selection process, not only are we convinced that Murex will provide
us with the leading edge technology that will take us further towards
our strategic goal as a first-class international bank, but also that
the market expertise and level of service delivered by the teams are
building the foundation for a successful long-term business
partnership."

The multi-asset class treasury and capital markets solution will
be deployed to 1000 users in BOC's head office and 35 of its overseas
branches around the world. Once completed, the MX.3 platform will
enable Bank of China to handle trading and treasury activities on a
single system, providing a holistic view of risk across the group and
supporting the bank's controlled and sustainable growth strategy,
while enhancing processing efficiency thanks to automated workflows
and exception management.

Guy OTAYEK, CEO of Murex Asia Pacific, says, "We are proud to have
such a major player as Bank of China select Murex MX.3 platform to
support their capital markets business worldwide. It is a wonderful
challenge we have been working towards ever since we opened our
office in Beijing back in 2006, and we are sure it will cement
further our footprint in China and the region."

Murex recently held a Symposium in Beijing which brought together
over 80 key representatives from the 20 leading local banks to share
and discuss business insights on front-office analytics and real-time
calculation performance. With two offices in China (Beijing and Hong
Kong) and ongoing development plans, Murex aims to develop further
similar initiatives to establish the company as a key contributor to
the Chinese financial marketplace.

About Bank of China (BOC)

As the most internationalized and diversified bank in China, Bank
of China provides full range of financial services in China's
mainland, Hong Kong, Macau and other 31 countries. It mainly operates
the commercial banking business including corporate banking, personal
banking and financial market business. It also conducts investment
banking business via Bank of China International Holdings Limited,
its wholly-owned subsidiary, as well as the insurance services via
another wholly-owned subsidiary Bank of China Group Insurance Company
Limited and its subordinate and associate companies. Bank of China is
also engaged in fund management services via Bank of China Investment
Management Co., Ltd., direct investment and investment management via
Bank of China Group Investment Limited, its wholly-owned subsidiary,
and aircraft leasing via Bank of China Aviation Private Limited. Bank
of China ranked the eleventh in terms of core capital among the
"World Top 1000 Banks" in the British magazine The Banker in 2009.

About Murex: http://www.murex.com/webdoc/About_Murex.pdf

ots Originaltext: MUREX
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Contact:
For additional information: Murex - Mireille Adebiyi, Global
Marketing & Communications Manager, mireille.adebiyi@murex.com,
+33(0)1-44-05-32-00