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.