Issuers' workflows.

Hi all,

Structured product issuers gain speed, reduce operational costs, and decrease time to market thanks to the LexiFi Apropos solution. They create custom workflows for various business tasks such as trade validation, product issuance, lifecycle event monitoring, document generation, quantitative analyses, and administrative tasks.

LexiFi provides software technology to nearly ten structured product issuers to streamline their businesses and set up custom workflows.

LexiFi Apropos users easily set up task sequences, data visibility rules as well as user access rights. Post-trade workflows notably allow for automatic notifications and emails upon the occurrence of product lifecycle events.

Some LexiFi sell-side clients set up comprehensive issuance workflows involving all stakeholders. Such workflows combine several application features: quantitative routines, document generation, email notifications, what-if analysis, etc.

In general, issuers particularly appreciate the integrated nature of LexiFi Apropos which makes it possible to centralize their structured investment activity in one powerful and generic solution.

Key features include:

  • Structuring & pricing
  • Lifecycle event management
  • Document generation (e.g., term sheets, fact sheets, KID, risk sheets, performance reports)
  • Secondary market advice and control
  • Client position management
  • P&L calculations
  • Custom reporting and dashboards

"We have access to a large choice of pricing models in LexiFi Apropos for all asset classes. Plus, pricing and calibration are fast, well documented, and easily audited!"

Jordan CHU, Quantitative Analyst at CIC Market Solutions

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1. The structuring team: quantitative intelligence at your fingertips

LexiFi Apropos offers intuitive and graphically rich tools allowing to play around with product parameters, test different variations, run graphical simulations, and access an extensive list of both standard market models and LexiFi’s proprietary models and extensions.

Once the trade is validated, structurers may book any structured investment in LexiFi Apropos, from the simplest to the most complex. LexiFi Apropos generates a formal definition for each product booked in the tool. This formal definition is then updated throughout the product lifecycle to reflect the different events such as coupon payments, barrier crossings, and early redemptions.

Structurers run price discovery on new financial instruments using quantitative tools in LexiFi Apropos including the Solver and the Underlying Optimizer. These tools allow users to easily find new investment opportunities.

2. The sales team: eyes and ears everywhere with custom reports and notifications

Sales teams stay posted about product events and client positions thanks to powerful action-oriented reporting tools. These are user-customizable tables or pages allowing to run quantitative routines or drill down into specific information.

It is not enough to have rich interactive reports since the tricky part is to communicate results in a timely and informative way. For this purpose, LexiFi Apropos allows setting up notifications either for internal workflows or for client reporting services. Some clients opt for fully automated notifications, while others prefer to cross-check information before sending it out.

LexiFi Apropos delivers a wide array of notifications including:

  • Coupon payments
  • Barrier crossings
  • Early redemptions
  • Corporate actions
  • Autocall events
  • Price drops

3. The risk management team: traceable and generic quantitative tools

The risk management team has access to a wide range of risk metrics that can be implemented to get a general oversight of product performance.

Risk metrics and features include:

  • VAR and CVAR
  • What-if scenarios
  • Greeks
  • XVA
  • P&L explanation
  • Price uncertainty explanation (model VS Market data)

LexiFi Apropos allows managing the bank’s exposures for structured products and OTC derivatives from many angles, be it underlyings, industries, or geographical regions. Also, risk management teams have the flexibility to create reports answering the bank’s internal needs and fulfilling regulatory requirements.

LexiFi has also implemented for some clients the option to compute regulatory statistics required by the FRTB and the SIMM regulations.

4. The middle office team: collective connected network

The investment banks’ middle office can be integrated within LexiFi Apropos to monitor procedures, transactions as well as risk metrics set up by the risk management team. The team gains autonomy through access to a centralized database with up-to-date information and powerful analytics.

Middle office teams, for instance, benefit from user-friendly tools to perform secondary market valuation and controls. LexiFi Apropos is also often used to calculate variables related to settlement transactions. The platform enables the team to monitor lifecycle events by generating specific lifecycle reports.

For example, the middle office team can calculate stamp duty fees based on the physical redemption of structured notes. In short, day-to-day tasks and reporting missions could not be smoother with fewer emails, more data, and some cutting-edge tools!


Client stories

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LexiFi team