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Marbella, 10-12 September 2008: The annual Framesoft User Group Meeting took place at Guadalpin Banus in Marbella, Spain.

Delegates from the majority of Framesoft´s customers were present.

The event provided Framesoft's customers with an efficient platform to exchange experiences and to learn more about how Framesoft's solutions are being used in various business cases.

The presentations covered Framesoft software implementations such as the Lending Management Platform at Clearstream Banking/Deutsche Börse, the Structured Products Platform at Fortis and ING, the Legal Matter Management solution at a large European Investment Bank, the Contract Repository at Rabobank and the recently implemented Legal Matter Management solution at a large Bancassurance Institution.

 

 

Amsterdam 7 July 2008: is pleased to announce that ING has decided to license Framesoft Structured Products (FSP) and Framesoft Document Management (FDM).

ING has decided to implement FSP and FDM in order to streamline its processes for the

  • Issuance of structured products and
  • OTC trade workflows.

Brussels 12 June 2008: Fortis, one of Europe's largest financial institutions, has gone live with Framesoft Structured Products (FSP) and Framesoft Document Management (FDM) as part of its Automation of Securities Documentation Project.

Brussels 22 May 2008: Fortis, one of Europe's largest financial institutions, has gone live with Framesoft Contract Repository 2 (FCR2).

After successfully using Framesoft Contract Repository (FCR) since 2000 for contract management and netting purposes, achieving a significant netting benefit, Fortis decided to upgrade to the most recent version of FCR.

Berlin, 21st May 2008: Landesbank Berlin (LBB) went live with Framesoft Structured Products (FSP) for the workflow controlled creation of its certificate product issues and related documentation. LBB is using FSP as its global certificate issue platform covering products like Index, Basket, Protect or miniMax Certificates.

FSP is a unique software application that supports financial institutions in the process of engineering and issuing derivatives products and generating all necessary documentation, like prospectuses / final terms, letters, faxes or e-mails etc.

LBB configured a large part of the functionality internally, using FSP’s transparent and accessible administrative configuration tools. The result is a tool applying advanced document creation techniques and covering a wide range of product structures by using a compact and flexible workflow (including document templates, entry forms etc.).

FSP is a generic tool, which can be employed to cover any financial product structure such as warrants, certificates, notes and any underlying asset category (e.g. equity, fixed income, commodities or credit derivatives). FSP controls the entry, maintenance and retrieval of, e.g.:

  • Financial Instrument Data
  • Structure Data
  • Issue Data for Securitized Products
  • Static Data (Exchanges, Countries, Currencies)
  • Product Data

The automatic generation of all documentation dramatically shortens time to issue and eliminates operational risks resulting from manual intervention. Typical workflows associated with the creation and documentation of derivatives can be freely configured.

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.