Frankfurt am Main, 4. June 2012: A new version of Framesoft Structured Products (FSP) has been provided to one of the world’s largest investment banks.
For a number of additional product types, the automatic generation of issue documentation has been implemented. Additional document types have been implemented also for the existing product types, further enhancing the system’s support of the bank’s efforts to streamline and control the current issue processes using a centralized infrastructure based on FSP. The latest FSP Release also extends the existing securitized structured products issue workflow by additional interfaces to stock exchanges and clearing agents. Now, the documentation of bonus, reverse bonus certificates as well as discount warrants is generated in a fully automatic process with a direct feed from the bank’s ticketing system, and the distribution of the generated documentation and related notifications and data dissemination to multiple recipients is fully integrated in an STP process.
Further business cases, functional enhancements and additional products are in preparation for release into production in the near future, also targeting additional markets and extending the reach of FSP’s support for new product issuance into other departments of the bank.