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.