Major Investment Bank live with new version of FSP - Framesoft Structured Products Frankfurt 28th February 2011: One of the world’s leading financial institutions has gone live with a new and enhanced version of FSP - Framesoft Structured Products in order to enhance their Straight-Through-Processing (STP) capabilities in the derivatives market.
FSP has already been used at this institution since 2008. Initially, FSP has been introduced for the administration of the issuing process for Structured Products including the creation of the extensive documentation required in the area of modern Structured Products.
With the new version, the process has been extended by a sales module and product database offering the possibility to easily respond to client driven product requests. This comprises the setup of new Structured Products, the guidance of the sales process including the generation of term sheets and the capture of subscriptions as well as hedge trades.
FSP offers the usage of various kinds of underlyings and might be extended to capture even newly created financial products as underlyings. Product types may be set up using various combinations of products attributes.
Being based on FON - Online Negotiation & Collaboration, FSP offers all built-in features like document setup and generation, workflow management, maintenance of static data, integrated generation of automated mails.