Framesoft Fee Management (FFM) · Distribution economics
Intelligent fee and distribution agreement management.
FFM manages master and supplement distribution agreements, positions, fee rules, calculations, approvals, bookings and reporting. It replaces spreadsheets that overpay, duplicate or cannot be audited. Framesoft Structured Products (FSP), Framesoft Artificial Intelligence (FAI) and Framesoft Data Insight (FDI) are covered below.
Benefits
- MDA and SDA lifecycle
- Configurable calculation engine
- Four-eye approvals and duplicate detection
- Talk to FFM and FAI on fee documents
Agreements to payments
FFM is the application for distribution agreements and fee payments. It gives control of commissions and fees across instruments, entities and trading partners, so an organisation can stop paying excessive or duplicate fees, negotiate better terms and compare execution across relationships. Distribution terms are structured data. Positions, custody balances, FX and product data feed a rule-based engine for recurring and non-recurring client fees. Results pass delta checks before payment. Rules cover standard, daily accruing, average-price, interval-rate and exotic fees, and incoming fees as well as amounts payable. FX rates convert fees into the target currencies. Balance requests can go out by email or interface. A netting queue can consolidate fees before settlement. Delivery sends booking instructions, dates and references to accounting, and can encrypt distribution agreements and client statements. FDI and Excel export sit on the same figures. The audit trail and the archive are part of the same process.
With FSP
FFM and FSP exchange product, investor, allocation and distributor data. Together they cover issuance through commission payment and distributor reporting.