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Leading European supplier of post-trading services went live with new version of Framesoft Repo & SecLending (FRS)

Frankfurt, 29 April 2013: One of Europe's largest clearing houses went live with LMS 7.1, based on Framesoft Repo & SecLending (FRS)

Since 1999, FRS is in productive use, called "LMS" in the customized version. FRS is based on FON (Framesoft Online Negotiation & Collaboration) providing the powerful base functionalities which are one element of the 13 year - and still ongoing - success story of FRS with this customer. FRS offers a wide range of features needed for successful and economically efficient securities lending: 

  • Automatic position keeping
  • Holding and providing market data (e.g. prices)
  • Fully automated allocation of lender inventory to borrower requests
  • Transfer of trading data / receive of feedback from BO system interfaces
  • Bunch of standard reports, easily customized
  • Auto. collateral calculating & reporting based on newest market data
  • Automatic calculation of lending fees
  • Provision of customer specific risk data
  • Automatic check of assets for eligibiliy to serve as collateral

New in LMS 7.1:

  • Enhancement of the multi currency ability
  • Go-Live of a new type of collateral report
  • Billing details are added to the Monthly Fee Report (configurable)
  • Technical FON upgrades

The concept phase for LMS 7.2 has already begun, go-live will take place in November 2013.

Frankfurt am Main, 15. April 2013: A new release of FSP has been rolled out to one of the world’s largest investment banks.

A new release of FSP is now covering the new regulatory requirements regarding the Offering Circulars for new issues of structured products. The main benefits of FSP’s generic configuration tools came into play nicely, accelerating the implementation to a few weeks for a whole range of products. In a nutshell, the initial goal was minimizing the necessary review and approval tasks while at the same time making the OCs more manageable and easier to read for the final investor.

It became clear, that new functionalities to be introduced during the implementation now had to cover the splitting of blocks of newly issued securities into groups of products and documenting each of these groups in a separate OC, while maintaining the block nature of the issue process as such.

So, besides the requirement to implement a completely new set of textual and structural requirements for the document templates of OCs using the new base prospectus, it also became necessary to rethink a number of aspects surrounding document and other output generation. As a result of this new set up, it became necessary as well to rethink some of the supporting distribution channels, in order to cover at the same time the existing high demands on efficiency, usability and workflow control.

Frankfurt am Main, 6. December 2012: A new FSP release has been rolled out to one of the world’s largest investment banks providing rich set a of enhancements.

New Interfaces for distribution of issue data to internal and external data providers, such as Scoach, Clearstream and others have been provided. Furthermore, new products mainly Digital Warrants and further versions of the bank’s successful program of Reverse Convertible Notes have been set up for automated production. Additionally, a number of functional enhancements including features such as additional, dedicated Feedback Processing in Interfaces from external data providers and additional e-mails to users linked to Tasks in the FSP Approval workflow have been rolled out.

All user actions in Forms and Workflow itself are audited and saved in a detailed history, including timestamps, old nd new value as well as the workflow task where the action was performed.

Frankfurt am Main, 6. December 2012: A new version of Framesoft Structured Products has been rolled out to one of Europe’s largest investment banks.

It provides a number of enhancements and also new product templates for additional product Term Sheets for the Sales Department. In addition, the module “Term Sheet Generator” now provides a new functionality for managing document templates in a highly structured and easily accessible environment. The new functionality is based on a library of text modules to be embedded in Template Style Sheets, all managed in a straight forward, intuitive WYSIWYG design tool environment. As the tools are directly accessible by trained users, they can now use them in order to easily create new or amend existing Product’s term sheets.

 

Frankfurt am Main, 1. October 2012: A new version of Framesoft Structured Products (FSP) concentrating one term sheet generation has been provided to one of the world’s largest investment banks.

Following the successful roll out of a number of releases focused primarily on the support of the after trade processes of structured products issues, the next logical step of cross departmental reach for FSPs workflow has been the integration of Structured Products Sales processes. FSP now covers the Term Sheet Generation request for Structure Products Trades for the Bank’s Sales users in one of its core locations. The application has been integrated with the Bank’s internal Sales Pricer Tool and features a high speed turnaround of MS Word or PDF Term Sheets on the basis of a Web Service request. Product and Trade data is handed over to FSP as an FPML XML stream contained within the request. The data is then directly passed into the term sheet generation process.