FVC, Vox to launch Priips analytics, Kid templates

Future Value Consultants (FVC), the provider of analytics and stress testing for the structured products market has partnered with Vox Financial Partners, a global consulting firm that supports financial institutions in the planning, resourcing, and delivery of complex regulatory change, to create SEI + Opal: Ascend, a fixed-price service for fully automated production of structured product documentation, including Priips key information documents (Kids).

With the integration of their infrastructure technology we have become a bigger unit - Tim Mortimer

“With Ascend we will add to our stress testing and Priips calculation capabilities the ability to produce Kid documents reliably in scale,” Tim Mortimer (pictured), managing director at FVC, told SRP. “We can now respond to market demand for a complete solution.”

FVC’s integrated technology platform incorporates decades of expertise in the structured product market.

“With the integration of their infrastructure technology we have become a bigger unit,” said Mortimer. “We are targeting tier one investment banks but also other smaller players in the market with a fixed price service with proper expertise on the document generation side but most importantly from a market knowledge perspective.”

Some other providers have started as documentation providers and branched out to analytics whereas FVC had a different starting point.

“Our expertise is on analytics and we are complementing this by adding the document generation service to make a very strong proposition,” Mortimer said. “This development is also part of our commitment to transparency in the structured products market, and to help the market understand how those calculations are done which can be sometimes counter-intuitive under the Priips regime.”

Ascend combines FVC’s proven Priips calculation platform StructuredEdge with Opal, a document generation platform owned by Vox Financial Partners, to deliver a unified solution that automates structured products document generation, providing Priips analytics and Kid templates for a wide range of products and markets, as well as full calculation and simulation methodology, and calculation results integrated directly into the Kid.

Real-time calculations

The new offering includes automatic generation of ‘detailed, richly-styled documents, branded, customisable Priips Kid templates, and automation of related documents, such as term sheets or marketing collateral’.

The new service enables straight-through processing (STP) for detailed structured products documentation via one API, and integrates real-time calculations with pre-defined, customisable templates built using a Microsoft Word-based template author.

Using Ascend, structured products manufacturers will be able to automate documentation with data validation and error handling via one simple API, accelerating new product development while controlling costs.

“Ascend allows clients to reduce cost, increase capacity, and improve control – so they can focus on expansion of their core business,” added Mortimer.

Terry Robinson (pictured right), chief executive officer of Vox, said: “Both companies have a solid track record of being extremely flexible and creative organisations that translate innovative ideas into working solutions. We think Ascend is perfectly suited to meet the continued growth in ticket volume driven by new technology in the structured products market.”