FinIQ Adds Equity Linked Notes (ELN) Management to its Structured Deposits System

FinIQ Consulting has added ELN management to its FinIQ System. The module covers functionality like request for quote, order management, deal allocation, customer correspondence and transaction life cycle management. It will help banks to improve pricing efficiency, reduce per-transaction costs and create necessary controls.

(PRWEB) June 11, 2005 -- FinIQ Consulting has added Equity Linked Notes management to its FinIQ System. The module automates processes like request for quote, order management, deal allocation, customer correspondence and transaction life cycle management. Equity linked notes are expected to follow the success of dual currency deposits in the wealth management segment. Due to high per transaction costs and complex pricing workflows banks have restricted such transactions to very high notional amounts.

FinIQ system now automates customer advisory, relationship manager to consumer treasury and option trading desk interactions improving overall pricing efficiency. It interfaces to banks trading and core banking systems for risk management and settlement of funds. FinIQ system also facilitates customer registration, document generation, option exercise and deposit maturity management as well as regulatory and MIS reports reducing per transaction costs. Being a dedicated system it creates specific controls required in the structured deposits environment, allowing efficient exception management. As a result banks are able to transact hundreds of deals per day seamlessly reducing the average notional size and maturity, hence growing their transaction volume as well as profits.

To learn more about FinIQ System and how it can grow your structured deposits business please email us at info@finiq.com.sg.

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