We consider a class of consistently ordered matrices which arise from the discretization of Boundary Value Problems (BVPs) when the finite element collocation method, with Hermite elements, is used. Through a recently derived equivalence relationship for the asymptotic rates of convergence of the Modified Successive Overrelaxation (MSOR) and a certain 2-step iterative method, we determine the optimum values for the parameters of the MSOR method, as it pertains to collocation matrices. A geometrical algorithm, which utilizes 'capturing ellipse' arguments, has been successfully used. The fast convergence properties of the optimum MSOR method are revealed after its comparison to several well-known iterative schemes. Numerical examples, which include the solution of Poisson's equation, are used to verify our results.'"