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Frankfurt am Main, 08.07.2013: One of the world's largest investment banks went live with FSP Fee Management 1.0 (FFM). FFM is a solution for institutions selling financial products via third parties which therefore claim fees based on distribution agreements. FFM is a new product based on FSP (Framesoft Structured Products).The solution offers a wide range of features to support the processing and management of different types of fees. FFM covers the full fee relevant business process:

  • Distributors, products and agreements setup 
  • Fee calculation and approval
  • Booking of fees
  • Statement generation

The application provides a wide range of features to support the processing and management of different types of fees:

  • Upload of Prices, Positions, Balances, Reserves and Inventory Holdings
  • Calculation of Trailer Fees with different calculation methods (Daily Accruing, Interval Rate, Average Price, Exotic, Balance * Price * Rate)
  • Multiple evaluation and payment frequencies
  • Balance upload via custody files or E-Mail request to distributors
  • Processing of upfront fees 
  • Distributor management including agreement handling for master and supplement agreements as well as contact management
  • Fee approval based on a full fee overview on product level including estimates
  • Booking of fees
  • Client statement generation and sending via E-Mail
  • Web access and rich client access
  • Reconciliation interfaces
  • Workflow oriented business processes

The concept phase for FFM 1.1 has already begun, the go-live will take place in Q1/2014.