Berlin, 21st May 2008: Landesbank Berlin (LBB) went live with Framesoft Structured Products (FSP) for the workflow controlled creation of its certificate product issues and related documentation. LBB is using FSP as its global certificate issue platform covering products like Index, Basket, Protect or miniMax Certificates.
FSP is a unique software application that supports financial institutions in the process of engineering and issuing derivatives products and generating all necessary documentation, like prospectuses / final terms, letters, faxes or e-mails etc.
LBB configured a large part of the functionality internally, using FSP’s transparent and accessible administrative configuration tools. The result is a tool applying advanced document creation techniques and covering a wide range of product structures by using a compact and flexible workflow (including document templates, entry forms etc.).
FSP is a generic tool, which can be employed to cover any financial product structure such as warrants, certificates, notes and any underlying asset category (e.g. equity, fixed income, commodities or credit derivatives). FSP controls the entry, maintenance and retrieval of, e.g.:
- Financial Instrument Data
- Structure Data
- Issue Data for Securitized Products
- Static Data (Exchanges, Countries, Currencies)
- Product Data
The automatic generation of all documentation dramatically shortens time to issue and eliminates operational risks resulting from manual intervention. Typical workflows associated with the creation and documentation of derivatives can be freely configured.
As a tool designed for “Business Process Management”, FSP is capable to interface with the existing application environment of an organization and exchange data or communicate with them via all standardized or common protocols.