| |
Apart from offering software solutions, we also work with our customers to streamline their process flows and to improve the overall efficiency of their structured products business. Structured products business processes can be broadly classified into the following four major categories which act as stepping stones towards achieving sustained scalability.
1) Products
2) Distribution
3) Customers
4) Events
FinIQ addresses each one of them in depth, giving equal attention to their specific intricacies, as ignoring any of these means exposing oneself to increased operational costs, loss of reputation, exposure to market and legal risks amongst other factors, all contributing to huge opportunity losses.
|
| |
|
| top |
| Structured products by definition are not limited to any form or template. The systems must be flexible enough to allow product creations on the fly without having to incur continuous software enhancement costs. Our Product Creation Tool allows end-users to create new products, screen-layouts, document templates, event schedules and payout rules with absolutely zero dependence on our development or consulting team.
|
| top |
| As structured products became more popular, banks resorted to hiring more staff to cater to the customized pricing workflows around these products. Based on a broad categorization of such products, FinIQ has built an efficient distribution functionality involving a combination of deal-able pricing, back-solving based on target variables, request for quotes and pre-priced grid publishing based on single or multiple price sources. Our spreads and rule engine wrapped around the distribution layer creates necessary controls and safeguards required in a high volume environment. As a result, the distribution becomes less labor-intensive and more streamlined. |
| top |
| As most structured product transactions were traditionally hosted in the bank’s trading and risk management systems, while the customer holdings were recorded in the banking systems, there was a missing link in terms of a unified view expected by the end-customer. Complementing the two systems, FinIQ has been able to successfully create a meaningful bridge that captures information relevant to complex product related events as well as customer’s correspondence and settlement data. Relationship managers can now at the click of a button generate notifications, advices, term-sheets for new deals, exercises, redemptions, coupons, knock-ins, knock-outs, accruals etc. |
| top |
| As the products became more diverse, the complexity led to a host of events governing the transaction life cycle, each of them of critical importance. Due to the varying frequencies, schedules, sources, variables and formulae involved in the product design, coupled with ad-hoc customer requests for redemptions, transfers and splits, manual tracking of such events became unmanageable. The true picture of product balances, cash-flows, timings and ownerships became blurred, leading to increased reconciliation, reputation and legal risks. FinIQ’s Event Management Engine creates a comprehensive structure around periodic events as well as ad-hoc exceptions, giving rise to a stable and predictable event processing environment. Range of utilities including calendar diaries, filters, alert-prompters, live status trackers, calculation history drill-downs now empowers sales with timely and in-depth information access as well as ensures that operations maintained accurate data. |
| top |
|
| |
|
|
|
 |
 |
 |
 |
 |
 |
| |
| Dual Currency Deposit |
| Equity Linked Notes |
| Principle Protected Depo |
| Range Accruals |
| Target Redemptions |
| Worst-of Baskets |
| Ratio Accumulators |
| KI/KO Option Strips |
| Structured Notes |
| Flow or Tranche Based |
| Retail FX & Bonds |
|
|
 |
 |
 |
|
|
|
