Frankfurt am Main, 21 February 2010: Framesoft is pleased to announce that one of the World's largest Investment Banks has decided to extend its current usage of Framesoft Structured Products (FSP) in order to support its processes for the issuance of structured products on equities, indices, fixed income and commodity underlyings at the Sales desk.
The institution is already using FSP in order to automatically create the issue documentation for its issues based on the data received from other in-house systems. The goal of the new implementation will be an increase in STP and a reduction in operational risk by covering the process from its beginning within FSP.
Each issue of a note or certificate will be captured first in FSP. After capturing, the level of current subscriptions and prehedges can be constantly monitored. Captured issues, trades and products can ultimately be transferred to in-house systems, as well.
Term Sheets will be automatically created in different languages and feature the complete documentation of all issue attributes as captured in prior workflow steps plus a scenario analysis.
FSP is Framesoft's answer to the growing number of issues of more and more complex Structured Products via EMTN Programmes or as Stand Alone issues. With FSP, issue documentation becomes a highly automated and much better controlled process with the highest level of STP achievable. At the same time, procedures for checking and escalating critical issues, approving them and creating the documentation get aligned with each other by virtue of FSP's workflow engine.
FSP is based on Framesoft's Technology Platform FON, allowing at the same time Form and Document Based Data Capture and automatic, conditions based Creation of Documents and Approval Processes, which can be "negotiated" and edited in a workflow. Dynamical changes of the data model and workflow templates used permit the rapid creation and deployment of new product types and the respective issue documentation without any release change. Static Data Management for the data needed to create the documentation is also included.
As a tool designed for "Business Process Management", FSP is capable to interface with the existing application environment of an organization and exchange data or communicate with them via all standardized or common protocols.