News Center

Leading global Financial Institution went live with new version of Framesoft Legal Case Matter Management (FLM)

Frankfurt am Main, 01 April 2010: One of the world largest Financial Institution went globally live with the new version of the Framesoft Legal Case Matter Management (FLM).

Framesoft Legal Case Matter Management is based on Framesoft's Technology Platform FON, and provides an integrated management tool for standardized entry, tracking and reporting of Legal Matters / Cases. It covers the complete Legal Reporting cycle.

The new version provides the following extensions / enhancements:

Copy Matter functionality
Transfer Matter in different business unit / region feature
Direct management of matter / case related documents stored in Framesoft Document Management (FDM)
Single Sign On support
Introduction of sub-matters
Extensions of E-Mail Reminder functionality
Extensions of most important matter reporting functionalities
Extended options of risk analysis & reporting

and many more new / extended features.

Large European Investmentbank extends use of Framesoft Structured Products (FSP)

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.

Framesoft Germany HQ moves to new Office in Frankfurt Westend

Frankfurt am Main, 22 June 2009: Framesoft Germany's Head Quarter moved into a brand new office in the prestigous Westend City Center of Frankfurt. The new office is located in the heart of the financial district in close distance to many of Framesoft's customers. The new office address is

Framesoft AG Software Applications
Reuterweg 49
D-60323 Frankfurt am Main

Telephone numbers remain unchanged.

Framesoft at the European Litigation Summit in Monaco

Monaco, 22–24 February 2009: Framesoft sponsored this year’s European Litigation Summit 2009 in Monaco.

The European Litigation Summit 2009 offered the perfect setting to interact with high profile litigators, discuss the changes and to learn effective strategies to reduce litigation risks.

In more than 30 one-to-one business meetings with senior-level decision-makers Framesoft discussed and presented its solutions and showed how legal departments can effectively manage their legal matters and documents and reduce their operational and legal risks.

Especially Framesoft Legal Matter Management (FLM) and Framesoft Document Management (FDM) were in the focus of interest among the summit delegates and speakers.

Framesoft User Group Meeting 2008

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.

ING decided to license Framesoft Structured Products (FSP) and Framesoft Document Management (FDM)

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.

The application will be used at first in four ING locations worldwide and will be rolled out to total of about ten locations swiftly after the beginning of productive use, in order to achieve a complete coverage of all processes.

ING is creating the documentation of its most used EMTN Programmes for Structured Notes, with the intention to increase Programme and Product Coverage to other issuers and products after successful introduction of this first Milestone.

Each issue of a note is captured in FSP and the respective folder for archiving the received and related internal documentation will be created automatically in Framesoft's Document Management & Archiving Solution (FDM). Documents created automatically by FSP are transferred automatically into FDM.

Captured issues, trades and products will be transferred to in-house systems and external service providers for further processing, as well.

FSP supports all types of structured products, including Fixed Income, Structured Notes (Shares and Index based) as well as all pay off structures through its powerful, object based Structured Products Data Model, which can be amended for new products and attributes at run time.

ING is a global financial services company providing banking, investments, life insurance and retirement services. ING serves more than 75 million customers in Europe, the United States, Canada, Latin America, Asia and Australia. Based on market capitalization (31 March 2008), ING is one of the 20 largest financial institutions worldwide.

Fortis live with Framesoft Structured Products & Framesoft Document Management

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.

FSP is based on Framesoft's Base 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.

Fortis is creating the documentation of its most used EMTN Programmes for Fixed Income and Structured Notes, with the intention to increase Programme and Product Coverage to other issuers and Credit Linked Notes after successful introduction of this first Milestone.

For Dealer driven Business and third party issuers, each issue is captured in FSP and the respective folder for archiving the received and related internal documentation will be created automatically in Framesoft's Document Archiving and Management Solution FDM. Documents created automatically by FSP are transferred automatically into FDM.

Participating in the implementation of the system are Fortis Branches in Brussels and Luxembourg,initially and in the future New York and Hong Kong.

About Fortis

Fortis ranks among Europe’s top 20 financial institutions, with a market capitalisation of EUR 40 billion at year-end 2007. Together with ABN AMRO, Fortis has a presence in over 50 countries and a dedicated, professional workforce of more than 85,000. All this makes Fortis a leader in financial services in Europe, a top 3 private banker and a top tier asset manager.

More information is available on www.fortis.com.

Fortis live with Framesoft Contract Repository 2

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.

FCR2, which is powered by Framesoft's new base technology platform FON, supports the rapidly growing user basis and increases working efficiency. Due to its FON application server, using a highly encrypted and efficient communication layer, FCR2 addresses data security requirements as well as performance issues when working across WANs. The new Framesoft document generation technology offers WORD like editing capabilities and RTF export (WORD compatible), simplifying documentation exchange with counterparts and further processing in the Office world.

Within the Fortis Group FCR2 will be used at Fortis Bank Brussels (including its branches in London, New York, Hong Kong, Singapore, Taipei, Shanghai), Fortis Bank (Nederland) in Amsterdam, Fortis Bank Global Clearing NV in Amsterdam, Fortis Investment Management in Brussels, Fortis Banque Luxembourg, Fortis Bank Polska, Fortis Securities LLC in New York and Fortis Energy in Houston. All locations being served by a server installation of FCR 2 located in Brussels without the need for replication nodes.

About Fortis

More information is available on www.fortis.com.

Landesbank Berlin live with Framesoft Structured Products (FSP)

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.

Framesoft at the Structured Products Conferences España & Deutschland

Madrid/Frankfurt, 14 March 2008: Framesoft exhibited at the Structured Products España and Structured Products Deutschland Conferences 2008. Framesoft presented the full range of Framesoft Contract Management Solutions to the German and Spain structured investment products industry and held discussions with a number of interested participants about the usage of Framesoft’s product line in their organizations.

Especially Framesoft Structured Products (FSP) and OTC Platform (OTCP) was in the focus of interest among the conference participants.

Framesoft will also attend the annual Structured Products Event for the Nordic Region market held on 11 and 12 June 2008 in Stockholm.

Large Bancassurance Institution live with Framesoft Legal Matter Management (FLM)

Munich, 21 January 2008: One of Europe's largest Bancassurance Institutions went live with Framesoft Legal Matter Management (FLM)

Framesoft Legal Matter Management is based on Framesoft's Base Technology Platform FON, and provides an integrated management tool for standardized entry, tracking and reporting of Legal Matters / Cases. It covers the complete Legal Reporting cycle from:

Periodical requests for Corporate Legal wide Legal Matter Reporting
Regional / Divisional initiation of the Legal Reporting process cycle
Creation / Update of Legal Matters by designated members of staff
Optional Local workflow / Approval support
Regional / Divisional Quality Check and delivery to Corporate Legal Department
Corporate quality checks, consolidation and Management Reporting
Generation and submission of reports (Auditors Report, Management Report, Financial Reporting etc.)

FLM is capable of setting up and handling all types of Legal Matters, e.g. such as (Non) Litigations, Regulatory Matters, Subpoenas and Internal Investigations as well as Complaints and other types. FLM supports the regional or divisional entry / search / tracking and reporting of Legal Matters in the process of creating reports of selected Legal Matters and supports the workflow of these reports (tracking of reporting responsibilities).

All Legal Matters are entered into the FLM via standardized and region specific entry forms with a region / division based predefined set of matter types / matter fields.

The customer is using FLM for its global legal reporting.

Framesoft at the Structured Products Conference Switzerland

Geneva, 03 October 2007: Framesoft exhibited at the 2nd Structured Products Switzerland Conference 2007. The SP Conference enabled Framesoft to present the full range of Framesoft Contract Management Solutions to the Swiss structured investment products industry.

Especially Framesoft Structured Products (FSP) and OTC Platform (OTCP) found high approval of the conference attendees.

This one-day stream event brought together the industry's leading experts from private and investment banks, asset managers, hedge funds, regulators, family offices, lawyers, and software providers.

Framesoft will also attend the 3rd annual flagship event for the European structured products market held on 13 and 14 November 2007 in London.

Framesoft User Group Meeting 2007

Zug, 13-14 September 2007: The annual Framesoft user group meeting took place at Framesoft Group Head Office in Zug, Switzerland.

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

The presentations covered the latest developments and new products from Framesoft, most notably the new FON -based release of the Lending Management System used by Clearstream Banking/Deutsche Börse and the Legal Matter Management System at Deutsche Bank.

Delegates and Framesoft staff alike were able to benefit from presentations followed by question and answer sessions of actual user implementations such as the Confirmation Generator at Fortis Bank.

Large Investment Bank live with Framesoft Legal Matter Management (FLM)

Frankfurt, 18 June 2007: One of Europe’s largest investment banks went live with Framesoft Legal Matter Management (FLM)

Periodical requests for Corporate Legal wide Legal Matter Reporting
Regional / Divisional initiation of the Legal Reporting process cycle
Creation / Update of Legal Matters by designated members of staff
Optional Local workflow / Approval support
Regional / Divisional Quality Check and delivery to Corporate Legal Department
Corporate quality checks, consolidation and Management Reporting
Generation and submission of reports (Auditors Report, Management Report, Financial Reporting etc.)

All Legal Matters are entered into the FLM via standardized and region specific entry forms with a region / division based predefined set of matter types / matter fields.

The customer is using FLM for its global legal reporting by over 250 users worldwide.

Fortis to Implement Framesoft's Structured Products Platform (FSP)

Brussels 19 April 2007: Fortis, one of Europe's largest financial institutions, has decided to implement Framesoft Structured Products (FSP) as part of its Automation of Securities Documentation Project.

FSP is Framesoft's answer to the growing number of issues of more and more complex Structured Products via EMTN Programmes or Certificates. 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.

Fortis is going to create the documentation of its most used EMTN Programmes for Fixed Income and Structured Notes, with the intention to increase Programme and Product Coverage to other issuers and Credit Linked Notes after successful introduction of the first Milestone.

For Dealer driven Business and third party issuers, each issue will be captured in FSP and the respective folder for archiving the received and related internal documentation will be created automatically in Framesoft's Document Archiving and Management Solution FDM. Documents created automatically by FSP are going to be transferred automatically into FDM.

Participating in the implementation of the system are Fortis Branches in Brussels, Luxembourg, New York and Hong Kong.

About Fortis

Fortis is an international provider of banking and insurance services to personal, business and institutional customers. Fortis delivers a total package of financial products and services through its own high-performance channels, and via intermediaries and other partners.

Fortis ranks among Europe's top 20 financial institutions, with a market capitalisation of EUR 43 billion. With excellent solvency, a presence in over 50 countries and a dedicated, professional workforce of 60,000, the company combines global strength with local flexibility.

More information is available on www.fortis.com.

Fortis to upgrade to Framesoft Contract Repository 2

Brussels 19 April 2007: Fortis, one of Europe's largest financial institutions, has decided to upgrade to Framesoft Contract Repository 2 (FCR2).

After running FCR for more than 9 years, achieving a significant netting benefit, FCR2 will support the rapidly growing global user basis and increase working efficiency.

FCR2 offers, beside state-of-the-art netting functionality, a fully renewed user interface addressing easy usage combined with powerful configurability. Fine grained access control is applied on the basis of user groups presenting search and overview screens in a tailored fashion.

The growing need of speeding up document generation and negotiation is supported by integration of a WORD like editor allowing easy modification of agreement drafts. Support of RTF export (WORD compatible) addresses the urgent needs for further processing of documentation in the Office environment.

Based on Framesoft's new Base Technology FON, FCR2 makes any usage of replication servers or terminal server installations obsolete due to its three tier architecture, offering outstanding efficiency in data transfer across WAN's.

Within the Fortis Group FCR2 will be used at Fortis Bank Brussels (including its branches in London, New York, Hong Kong, Singapore), Fortis Bank (Nederland) in Amsterdam, Fortis Banque Luxembourg and Fortis Energy in Houston. All locations will be served by a single server installation of FCR 2 located in Brussels.

Framesoft User Group Meeting 2006

Zug, 14-15 September 2006: The annual Framesoft user group took place at Framesoft Group Head Office in Zug, Switzerland.

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

The presentations covered the latest developments and new products from Framesoft, most notably including version two of the Framesoft Contract Repository (FCR) and details of the upgrade path.

Delegates and Framesoft staff alike were able to benefit from presentations followed by question and answer sessions of actual user implementations including Certificate issuance from Landesbank Berlin, Master Agreement request and negotiation from Credit Suisse, Litigation management and reporting from Deutsche Bank and OTC confirmations from Fortis.

Fortis live with Framesoft Confirmation Generator 2.0

Brussels 7 September 2006: Fortis, one of Europe's largest financial institutions, went live with version 2.0 of the Framesoft Confirmation Generator (FCG).

Version 2.0 uses the Framesoft Online Negotiation (FON) platform providing greater versatility in the creation and maintenance of templates plus editing, approving and matching of individual confirmations as outlined below.

Fortis is processing all its Interest Rate Swaps and Currency Rate Swaps in FCG including almost all related events, e.g. fixings and terminations.

The IRS and CRS swap confirms can be generated in three languages (English, French and Dutch) and reference ISDA master agreements held in the Framesoft Contract Repository (FCR) which has been in production at Fortis since 2001.

Later this year Fortis plans to expand the use of FCG to include Caps and Floors under both ISDA and AFB master agreements as part of a roll out that will also include the Amsterdam branch.

About Fortis

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners.

With a market capitalisation of EUR 36.2 billion (31/07/2006), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 58,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on www.fortis.com.

Framesoft Confirmation Generator 2.0 launched

Zug, 16 January 2006: Framesoft today launched version 2.0 of the Framesoft Confirmation Generator (FCG).

The new release is based on the Framesoft Online Negotiation (FON) platform providing

ability to freely edit individual confirms in order to support more exotic trades particularly in credit and equity derivatives
versioning and blacklining capabilities allow improved negotiation and reconciliation of unmatched trades with counterparty
dashboard style MIS tables freely configurable on user group or even user level
powerful excel-style searching, filtering and sorting capabilities allow users to quickly navigate to required trades
intuitive template creation and maintenance based on WYSIWYG graphical XML editor
improved workflow capabilities include
- field level validators can trigger review or approval for non-standard terms
- running workflow instances can be modified in real time if needed further enhancing matching and reconciliation capabilities
- dynamically configurable workflow engine allow workflows for new products and structures to be more readily deployed

Rabobank purchases Framesoft Agency Module

London, January 2006: Rabobank International has purchased the Framesoft Agency Module which extends the existing installation of the Framesoft Contract Repository (FCR).

In light of the growing volume of the business covered by Agency Agreements, Rabobank decided to acquire Framesoft’s Agency module in order to extend close-out netting to credit risks arising from agency transactions. FCR now produces separate netting pools for each indirect principal covered under an agency agreement according to the product coverage and counterparty types of the legal opinion of its own jurisdiction as well as the overall agreement attributes.

Rabobank has used the Framesoft Contract Repository since 1999 for group-wide close-out netting and contract management. With the ability to automatically check all agreements against the respective legal opinions for close-out netting, Rabo has achieved a significant reduction of credit exposure for both limits management and regulatory capital relief associated with OTC derivatives trading.

Framesoft User Group Meeting 2005

Zug, 16 September 2005: The annual Framesoft user group returned to Zug this year in order to officialy open and show our clients around Framesoft's new corporate headquarters.

Delegates from Deutsche Bank, CSFB, HVB, Clearstrem/Deutsche Bourse and Fortis were present for dinner and live entertainment aboard the MS Zug on Thursday and for the following day's presentations.

This year, in addition to presentations of the latest developments and new products from Framesoft, including v2.0 of the Framesoft Confirmation Generator (FCG), there were presentations from Deutsche and CSFB covering their deployments of Framesoft Document Management and the Contract Management suite respectively.

Planning is already underway for next year's event where we will be celebrating Framesoft's tenth anniversary.

Opening of new corporate headquarters in Zug

Zug, 31 August 2005: Framesoft are proud to announce the opening of our new corporate headquarters in Zug, Switzerland.

The new address for all communication with Framesoft Switzerland including any notices associated with Licence and Maintenance Agreements will be:

Framesoft AG Software Applications
Sumpfstrasse 15
CH - 6301 Zug
Switzerland

In tandem with the move, Framesoft is also moving to a new Voice-over-IP telephone system to streamline communication with our customers and partners and within the organisation. From 31 August, all Framesoft staff at our Langen (Frankfurt) and Ismaning (Munich) offices will be contactable via the new Swiss phone system allowing our customers and us to benefit from sophisticated technologies for call forwarding, escalation and conferencing. The new numbers are as follows:

Langen Switchboard +41 41 725 2150
Ismaning Switchboard +41 41 725 2140

Swiss and UK numbers remain as before.

We look forward to continuing to support our customers with the same levels of professionalism and expertise through these improved communication channels.

Fortis Bank live with Framesoft Agency Module

Brussels, 14 July 2005: Fortis Bank went live with the Framesoft Agency Module which extends the existing installation of the Framesoft Contract Repository (FCR).

In light of the growing volume of the business covered by Agency Agreements, Fortis decided to deploy Framesoft’s Agency solution in order to extend close-out netting to credit risks arising from agency transactions.

Fortis uses Framesoft Contract Repository since 2001 for group-wide close-out netting and contract management. With the ability to automatically check all existing agreements against the respective legal opinions for close-out netting, Fortis achieved a significant reduction of credit exposure associated with derivatives trading.

Fortis is an international financial services provider active in the fields of banking and insurance. Fortis occupies a leading position in all market segments in the Benelux countries. Boasting a market capitalisation of EUR 27.9 billion and total assets of EUR 694 billion, Fortis ranks among the twenty largest financial institutions in Europe. Its sound solvency position, broad risk spread and ambitious, professional workforce of over 51,000 enable Fortis to combine global strength with local flexibility to provide optimum support to its customers.

Top-Tier German Bank licenses Framesoft Online Negotiation

31 March 2005: One of the top-tier german banks has licensed Framesoft Online Negotiation (FON) in order to support critical business processes associated with the creation and documentation of securitized and structured products.

FON will serve as Certificate Platform supporting all critical workflows around product creation, issuance and trading.

By deploying FON the bank will be able to:

reduce redundancy in the process of capturing and processing product data
create a consistent standardized database for product terms
automate the creation of legal and regulatory documentation and prospectuses

thereby significantly increasing flow control and efficiency and ensuring compliance.

Bulge bracket investment bank goes live with Framesoft's Contract Management Suite

London 21 February 2005: One of the world's premier investment banks today went live in Europe, USA and Asia Pacific with both the Framesoft Contract Repository (FCR) and Framesoft Online Negotiation (FON).

FCR will be managing in excess of 25,000 master trading agreements from day one and is interfaced to nine other systems including counterparty upload, netting set outputs for credit line management and regulatory reporting, collateral terms to margin management and agreement details to operations for confirmation management.

FON has been deployed to completely transform the agreement request, creation and negotiation processes. Easy to use XML data entry forms allow querying of underlying FCR data to ensure consistency and usability of agreement data whilst sophisticated security roles, field level permissioning and task management maintain Swiss secrecy and other jurisdictional requirements as well as providing comprehensive MIS overviews of the whole negotiation process.

"The system is one of the largest Framesoft deployments in recent years and the transfer and clean up of extant agreement data probably the largest and a testament to the close and effective co operation between Framesoft professional services and the RMM team of the bank" said Andrew Chaplin, Sales Director, Framesoft UK.

Large universal bank goes live with fully integrated Contract Management

21 Feb 2005: One of Europe's largest universal banks goes live with Framesoft’s fully integrated Contract Management Suite comprising Document Composing, Online Negotiation and Business Process Management, Netting and Document Management. The installation builds on the bank’s existing implementation of the Framesoft Contract Repository (FCR) which has been in productive use since 1998.

By deploying Framesoft’s business process management software Framesoft Online Negotiation (FON) , the bank is achieving substantial gains in STP thereby significantly reducing operational risk in the area of OTC derivatives documentation an area currently under scrutiny from both industry bodies and regulators due to continued market growth and product complexity.

Framesoft’s Document Management solution features an easy-to-use scanning interface and sophisticated category-based and full-text searching makes direct access to paper-based archives obsolete and helps to lower cost and increase efficiency.

HVB live with OTC Platform Release 1.1

Munich, 7 Feb 2005: Framesoft successfully implemented and integrated the second generation of OTC Platform (OTCP) at HypoVereinsbank. OTCP Release 1.1 supersedes Release 1.0 which went live in December 2003. OTCP is a novel approach to OTC Transactions in the dealing room, providing unique trade capture and structuring capabilities to Sales and Trading, while increasing the transparency of turnover and flow. Trade results are transferred directly into HVB’s Risk Management System Sophis, and a Siebel Customer Database. OTCP also provides a direct link to information from the Customer Database such as address and contact person information and to the Framesoft Contract Repository (FCR) in order to check if Master Agreements are in place for a specific customer.

With the ability to create Multi Product and Variation Requests, to perform Simulations on Market- or Instrument Parameters in a variety of ways (2/3D Parameter Simulations, Backtracking and Pay-Off Diagrams) and to perform Optimizations towards given target values, Sales significantly increases the efficiency of serving customer requests and preparing new offers to their customers. All Simulation Results can be exported into any Office documents, where they can be used for the creation of dedicated customer offerings.

Trades entered in OTCP are transferred directly into the Risque Management System Sophis, Indicative Pricing can be obtained on demand from Sophis. Trades (even Multi Product Trades) can be split into Multi Counterparty Transactions at trade capture time, thus providing a further increase in STP.

Derivatives broker licences Framesoft products for OTC derivatives

London, 27 January 2005: The derivatives brokerage subsidiary of one of the world's largest food conglomerates has licensed both the Framesoft Contract Repository (FCR) Framesoft Contract Repository (FCR) and the Framesoft Confirmations Generator (FCG). Both products will form part of a state of the art technology platform allowing the derivatives broker to offer its clients access to OTC derivatives markets.

FCR will manage Master trading agreements and legal opinions for OTC derivatives, repo and securities lending allowing the derivatives broker to minimise credit risk and maximise effective use of credit lines through netting and access to collateral provisions.

FCG will be linked to the message bus of the derivatives broker to receive trade data, check Master Agreement properties from FCR and generate appropriate confirmation contracts for approval, issue and tracking via its customisable workflows.

4th FCR/FON User Group Meeting, Sep 16-18, Zermatt, Switzerland

Zermatt, Switzerland, 18 September 2004: The Framesoft User Group meeting will possibly be re named the Framesoft Summit after a successful meeting held at 2200m at the Riffelalp resort under the Matterhorn.

The meeting was well attended by Framesoft customers including representatives from Bankgesellschaft Berlin, Deutsche Bank, HVB, Fortis, Rabobank and for the first time from Credit Suisse First Boston, Deutsche Boerse/ Clearstream and Sal. Oppenheim.

Extensive coverage was given to the use of the FON workflow platform for document and form style data entry into Framesoft's Contract repository and front office OTC Platform triggering a useful exchange of ideas for wider usage including new accounts/KYC and confirmations management.
The meetings concluded just early enough to allow our guests time to enjoy the resort's superb health facilities, cuisine and stunning views.