Nov 29th, 2011, Singapore
FinIQ releases most comprehensive, front to back Equity OTC and accumulator module in addition to equity linked investment products. FinIQ's unique payout rule engine allows its clients to launch variety of OTC and note products with payouts of their choice.
A new product scheme can be configured in the system in less than a week, without any software enhancements.
The product features include tranche order entry & pooling or OTC pricing using Black Scholes, Binomial and Monte Carlo & deal entry, termsheet generation, suitability rules and approvals. Post booking features include amendments, cancellations, confirmation, event generation, back to back deal linking, fixing, barrier watching, strike change and other post trade processes, all types of customer advices, corporate action effects, SWIFT and internal payments, statement generation, alerts and general ledger postings amongst other things. It also supports trading, concentration and settlement limits, collateral setup and comparison with exposures. This includes interbank limits and exposure tracking.