Credit Suisse has rolled out its structured products platform to external users in Switzerland in a move to provide investors with a tool to design, price and trade bespoke structures and options.
my Solutions, which is based on the firm's existing internal platform, Spirit (Structured Products Interactive Real-Time Investment Tool), is the result of combining a number of the bank's existing online tools and capabilities into one portal for customised investment solutions across asset classes providing access to more than 340 underlyings including stocks, indices, foreign exchange and precious metals.
“With my Solutions we are combining the offering of the most popular structured solutions as well as flow offering into one platform for our clients,” Anke Bridge, global FX sales, investment banking Switzerland at Credit Suisse told SRP. “In the first phase of our roll-out of my Solutions, relationship managers of Credit Suisse, 3rd party banks and external asset managers in Switzerland can use the platform.”
Bridge said the new tool will enable users to design, price and trade tailor-made structured products and options to the exact needs of users.
“We are offering strategies on more than 340 underlyings amongst shares, indices, foreign exchange and precious metals,” she said. “The aim is to provide real convenience for our clients, in terms of easy access to tailor-made pricing and execution services, indicative pricing overviews and guidance (heatmaps) as well as a harmonized process independent of the underlying asset class.”
Bridge added that the bank is convinced that the ease-of-use of the new my Solutions platform will add value to the bank’s clients.
Providers looking to price and trade equity structures on behalf of their clients will be able to use the platform for a minimum investment amount of 20,000 in the respective currencies of Swiss franc, euro or US dollar; and CHF50,000 or equivalent for FX and precious metals underlyings.
The platform's current equity offering comprises barrier reverse convertible, discount certificate and ProNotes with participation in more than 240 shares and indices in USD, EUR, CHF, GBP, SEK and JPY which can be traded with worst-of, continuous, last look and currency hedging (quanto) features.
For FX and precious metals offerings, the platform offers more than 80 currency pairs including four precious metals underlyings as well as four non-deliverable forward currency pairs such as USD/BRL, USD/INR, USD/KRW and USD/CNY.
The platform also includes Price Heatmap, a dynamic interactive feature which provides advisers and asset managers with an overview of product indicative pricings for all underlyings at a glance. It also allows filtering by coupon, underlying, tenor, barriers, currency pairs and sectors with a colour-coded coupon landscape to navigate the pricing and execution platform.
In addition to indicative and tradable real-time pricing, the platform offers pre-trade marketing and legal documentation available in several languages, life cycle management and a price validity countdown tool.