• The representation of complex products depends on the valuation methodology.   Investment banks and many software vendors have developed payoff languages to drive Monte Carlo engines. Products that cannot be priced with Monte Carlo methods are often represented by templates that produce custom PDE code.
• Product definitions are not portable across applications.   For example, scripts or templates used by structurers rarely propagate into downstream applications. The coexistence of multiple representations makes it difficult to reconcile the meaning of contracts, especially as they progress in their life cycle.

• precisely and exhaustively describe the terms and conditions of complex products independently from the valuation methodology and
• embed such product definitions into existing applications and manipulate them to various ends, including product valuation and the management of life cycle events.

LexiFi's integration toolkit comprises the following elements:

• MLFi, the only formal language for creating pricing-independent, portable definitions of financial contracts
• extensive library of contract assembly components and sample instrument definitions
• schema-independent relational database storage
• contract management API (C#, MLFi)
• calibration, valuation, and analytical services
• several methods for linking MLFi contract definitions with in-house pricing algorithms
• automatic generation of graphical trade entry screen components (Microsoft .NET / Windows Forms)
• MLFi development environment (editor, debugger, profiler, browser, dependency analyzer)

• In-house script / template to MLFi conversion.   In-house scripts or templates may be converted into MLFi definitions to provide functionality that is either difficult or impossible to derive from pricing-orientated contract representations, including life cycle event monitoring and processing, the simulation of a contract's execution through time, and static analysis.
• MLFi to in-house script / template conversion.   MLFi definitions may also be (i) used to provide missing functionality (e.g., life cycle event processing) and (ii) converted into an equivalent in-house representation (script or template) to reuse existing pricing and analytical services.
• Pricing code generation.   Another standard approach for linking MLFi definitions with in-house pricing libraries is to derive pricing code that sequences calls to proprietary pricing primitives.
• Graphical trade entry screens.   The integration toolkit provides more than valuation and event processing services. Software engineers may derive graphical trade entry screen components on the fly from MLFi instrument definitions and integrate such components into existing applications.
• Communication.   Information extracted from MLFi contracts (e.g., contract parameters, life cycle events, cash flows) may be exported in a variety of formats, including XML, to communicate among applications.
• LexiFi as a complete solution for covering structured products in existing applications.   Applications that do not support structured products may rely entirely on LexiFi to provide pricing, risk management, and processing capabilities.

• combine your domain and technical expertise with enhanced knowledge about structured products to develop a valued-added practice
• respond to customer requests with the help of a rigorous framework for delivering stand-alone or integrated solutions
• give a new life to legacy applications
• develop loosely-coupled applications to satisfy the combined goal of providing optimal trading tools for each group, and supporting a consistent set of pricing, risk management, and processing capabilities across systems

• rapidly develop and sell add-on modules for structured products
• combine your system's strengths with LexiFi's award-winning capabilities to deliver integrated solutions
• build knowledge about structured products
• develop innovative service offerings that enable customers to rapidly integrate new products into their application
• control your branding strategy: market LexiFi-based solutions under your own brand (white label) or use the LexiFi name