ONE Platform: Structured Notes
Executive Summary
ONE: Structured Notes is a documents’ generation and filling application for structured products for the automatic creation and regulatory filing of legal and regulatory documents.
Challenges
The banking sector relies on documentation more than any other industry. Each of these documents has sensitive information written in exact terms. Data integrity and accuracy are essential, and mistakes could have serious repercussions for banks, clients, or both. You are aware of the amount of time and effort required to create structured product submission packages, as well as how laborious and manual the process may be and how frequently errors can occur.
Common challenges are :
- Timely process of document creation which slows down number of deals done per business day.
- Timely process of onboarding a new structured product which slows down time-to-market factor.
- Overall expensive end-to-end document creation and filing process.
Solution
ONE:StructuredNotes is an application for the automatic creation and regulatory filing of legal and regulatory documents including fact sheets, term sheets, final terms, free writing prospectuses, pricing supplements and other document types.
By minimizing human interaction to the greatest extent feasible, ONE ensures the complete independence of the filling process from both internal and external personnel. It reduces the cost of operations instantly and increases the speed of the filing process significantly.
As an example, at HSBC Bank, the first generation of end-to-end filling solutions for structured products has been extremely successful for the past five years. HSBC acknowledges that our solution, with its state-of-the-art technology, superior quality, and unmatched customer service, is revolutionizing the financial print sector. With our software, HSBC Bank doubled its sales, cut operating expenses, and significantly sped up the time it took for new products (growth CD and others) to hit the market.
We offer a very simple and cost-effective subscription model with an unlimited amount of document creation, edits, revisions, and filing.
Product Overview
ONE:StructuredNotes produces documents within a few minutes. Then users utilize collaboration tools like real time communication, dashboards, notifications and others for fast and easy review and approval process. And finally ONE supports an automated EDGAR’ization and filing solution that is integrated within the workflow tool.
Data driven document creation is among the most powerful functionalities offered by the ONE platform. ONE generates flawless text content that requires no revisions or enhancements, and all elements of a document, like illustrative examples, charts, graphs, etc. ONE produces about 100 different types of structured product documents out of the box. For new structured products, self-service onboarding is an option for our clients, or we can help with the addition of any new product to the platform.
ONE provides easy-to-use, yet powerful workflow tools for the routing of documents to stakeholders and integration with front-office and back-office services. With the help of our workflow tool, clients can effectively plan, carry out, and monitor a wide range of intricate processes that combine the tasks of the internal team and external legal counsel into a single perspective.
A typical workflow scenario takes less than an hour to file a new structured note: after a quote is received via API, ONE produces Free Writing Prospectuses (FWP) or Pricing Supplements 424(b)(2) and forwards them to internal and external stakeholders for review and approval. Once the approval procedure is complete, ONE submits document packages for SEC regulatory filings automatically.
Why Now
ONE:StructuredNotes is very mature product on the market and our team got long experience of producing two hundreds structured products via HSBC, J.P.Morgan, UBS, Morgan Stanley, in production support. Today we can onboard structured products very quickly. That will allow any Bank or Fund to increase in productivity and reduce operation costs in a few months (and most of the time is necessary for contract organozation, not the technical).
Competition
The template approach
When employing a template approach, each document is made by starting with a single template and inserting placeholders in place of specific values and numbers. With this method, creating manual documents may be completed quickly because you can just swap out the placeholders for the necessary values. Nevertheless, because a significant amount of code needs to be rewritten every time a new template is built, it is slow to automate. It also implies that wording may vary between documents for the simple reason that the writer of one template may have chosen to express ideas differently from the writer of the antecedents, creating ambiguity. Lastly, there are two reasons why maintenance costs are higher:
If you want your attorney or legal firm to evaluate your documents, they will have to do it one at a time. Every template needs to be changed separately each time there is an upgrade or general modification to your documents, which takes a lot of time.
Wall Street Docs ( wsd.com )
We were able to replace Wallstreet Docs (wsd.com), a rival company, at HSBC because:
- We produce documents which really don’t need any edits, enhancements, or detailed QC review steps.
- Our dynamic document creation approach is more flexible and comprehensive, allowing our clients to generate documents of any complexity.
- Creating new structured products is much easier and faster.
- We provide many other benefits like tools for creation on-off exotic structured products, collaboration tools, advanced workflow audit and so on.