Technology and Capabilities November 2023
WSD Technology and Capabilities
WSD at a glance Key Company Highlights Tier 1 market leader, serving ~70% of global tier 1 issuers We sit at the heart of the structured products value chain and are a mission critical component of our clients’ infrastructure We differentiate ourselves through unrivalled domain knowledge and technical capabilities Established global operation with offices/service centres across UK, US, Germany, Brazil, Italy, Bangladesh and Indonesia
70m+ documents produced
5
offices/service centres
~70
250m+
employees and contractors
risk calculations performed
~70%
150+
Tier 1 banks served
risk calculations performed
WSD Segments
40+ Documents Automated production of issuance documentation
Data Data to inform trading strategy and lifecycle management
Digital Data transmission to regulators and trading venues
Portals Websites and white-labeled client-facing portals
~35%
Issuers/fund managers
market share
12m+ MiFID II data records
WSD Technology and Capabilities
Marketing document generation
Document-related approval workflows
Legal and trade documentation automation Template creation and maintenance
Online Financial Communication
Document and metadata distribution
Metadata extraction, mapping and storage
We have unique domain knowledge
Personalized videos
Global database of structured products reference data
Lifecycle management Data reconciliation
Client-facing websites and portals
KIDs on cryptocurrencies
Market intelligence
WSD Technology and Capabilities
We have strong client relationships with the world’s leading banks
WSD Technology and Capabilities
Our locations London, U.K.
Hong Kong
New York, U.S.A.
Bandung, Indonesia
Bolgna, Italy
Foz do Iguacu, Brazil
Frankfurt, Germany
Dhaka, Bangladesh
Göttingen, Germany
WSD Technology and Capabilities
Structured product lifecycle & services Onboarding setup
Execution
Publication
Lifecycle management
Advisory services for ISDA/base prospectus creation; related document automation and templating; due diligence onboarding and management of distributor questionnaires
RFQ integration with several issuers; state-ofthe-art document automation and template setup and maintenance services; industry-standard KID templates
Web portals with live price feeds; integration with data vendors and exchanges; comprehensive U.S. and European structured products reference database
Calculation of coupons, barriers, autocalls; reconciliation across different sources; performance reports and lifecycle notices; integration with exchanges; storage
Pre-trade
Settlement
Secondary market
Tailored educational content, including tutorials, videos and quizzes; workflow automation for streamlining the approval process; suitability and target market; efficient product selection
Reconciliation of trade data across different sources; EDGAR/SEDAR filings, document storage
Continuously updated PRIIP KID SRI and performance scenarios; documentation; data feeds into all downstream systems
WSD Technology and Capabilities
WSD’s role Creation Issuance Distribution Lifecycle
Documents We help issuers with the automated creation, approval and archiving of complex, high-volume legal, regulatory, sales and marketing documents Mission-critical to revenue generation Lower unit economic costs Improved accuracy and regulatory compliance Straight-through process automation Connectivity We help issuers disseminate documents and data to the buy side, exchange, regulators and data vendors Critical linkage to regulators and exchanges MiFID II compliant product distribution SEC compliant product issuance Speed to market through automatic exchange listing Data & Platforms We help issuers manage a product’s entire lifecycle. Access to aggregated market level data sourced from a mix of proprietary and external data feeds Unifying pre- and post-issuance workflow Entire lifecycle visibility to clients Automatic product feeds from WSD’s SPI database Seamless integration with existing settlement systems and other back office administration tools
WSD Technology and Capabilities
PRIIP Cloud An industry-leading platform for the creation of PRIIP KIDs and related risk calculations for derivatives. The EU PRIIPs Regulation requires structured products manufacturers to produce a Key Information Document (KID) for each product that they offer to retail investors. The KIDs must contain risk numbers, which need to be updated daily, and be prepared in the investor’s language of choice. We offer a front-to-back KIDs solution backed by Tier 1 manufacturers, which supports thousands of payoff variations in 23 languages and integrated risk calculations.
Key benefits High-performance KID engine covering both document creation and risk calculations (500,000+ ISINs a day) Market-standard PRIIP KID templates Support for thousands of payoff variations across structured products and OTC derivatives Automatic data feeds for dissemination of documents and metadata to distributors and data vendors Platform development is guided by the PRIIP Cloud consortium, which includes ten Tier 1 manufacturers and meets bi-weekly Manual KID drafting, risk calculation and translation services
WSD Technology and Capabilities
DocAuto V2 Empowering you to automate with confidence. Built on almost 15 years of experience, our market-leading document automation platform, DocAuto V2 is designed to enhance efficiency, reduce errors, cut legal costs and elevate our clients’ automation and straight-through processing capabilities. DocAuto V2 comes with integrated template creation and management services provided by structured products experts. In addition, DocAuto V2 introduces a brand-new userfriendly interface, empowering end users with a self-service model that grants access to the full coding and deployment pipeline.
Key benefits Module libraries promote code reusability, making it easier to maintain and scale complex templates Platform controls and permission structures enable code reviews and approvals at each milestone, such as branch merging, package creation, and deployments Code branching allows users to work on different template features or bug fixes simultaneously, without interfering with each other Automated deployment process streamlines code releases, eliminating manual errors and reducing deployment time
WSD Technology and Capabilities
Workflow A fully automated document routing and approval solution. WSD Workflow allows clients to automate the routing of documents to internal and external stakeholders for review, negotiation, sign-off, execution, filing and archiving. Each workflow can be configured to include both “human steps” and “machine steps”. Machine steps are API calls to other WSD services as well as third-party services that perform automatable steps, such as data extraction, document markups, automatic reminders and escalations to supervisors. U.S. issuers with SEC registered structured notes programs can combine WSD Workflow with WSD DocAuto and WSD EDGAR to achieve close to 100% automation rates and implement true STP processes.
Key benefits Automatic routing of documents to relevant teams and reminders and escalations at predefined intervals to ensure timely sign-offs Integrated with WSD services and online document editor, which allows collaborative editing, track changes and other enterprise features similar to those offered by Microsoft Office. Versioning of all documents Multi layered permissions model able to restrict access and editing rights on a per-user or perteam basis One-click generation of KPI and performance reports and full audit trail
WSD Technology and Capabilities
DataHub Manage all your reference data in one single place. Built around a distributed database, DataHub offers a sophisticated API to store, retrieve, and consolidate reference data for structured products. It comes with existing import and export interfaces to other market participants (e.g., Connexor data from SIX Swiss exchange). We also provide the implementation of custom interfaces to meet specific client requirements.
Key benefits Data is imported via incoming interfaces, or it is manually captured in the Product Platform Imported data is mapped, consolidated, and unified Data can be exported to various formats (e.g., IBT) Data can be used for document generation or displayed on websites 10 years audit log with replay capability
WSD Technology and Capabilities
QuoteHub Distribute and archive market data for structure products. To ensure easy distribution of market data across all relevant industry partners, our “QuoteHub” solution manages and updates dozens of interfaces so issuers can focus on their core business. We take care of all technical and monitoring aspects of feed distribution to market data providers, such as Bloomberg, Refinitiv, FactSet, SIX, and others. The “QuoteHub” offers both ultra-low latency as well as cost-effective bundling and shared connectivity.
Key benefits Consume market data directly from the issuer Rule-based price distribution to other market participants Tick archive to provide long-term storage Ultra-low latency and high throughput (more than 200,000 ticks/second) Interfaces to Bloomberg, Refinitiv, FactSet, SIX, VWD, BörseGo, Finanzen.Net
WSD Technology and Capabilities
Websites Design and build your next website using our portal solutions. We help institutions by creating state-of-the-art websites, with a strong emphasis on coordinated formatting structure in charts and texts, along with other information tailored to their needs. Our portal solutions comprehend the end-to-end delivery of a tailor-made portal.
Key benefits We provide advice, conceptualization and prototyping of portals to get you started Our development team manufactures quality sites befitting global banking and financial institutions efficiently with agile development and project management methods We align solutions with our in-house design capabilities to optimize a platform with a fully integrated UI and UX experience We do not only host a site at high availability, we ensure an uninterrupted operational status with an eye for details, continuous improvement and daily monitoring of all feeds
WSD Technology and Capabilities
Data The structured products landscape is changing constantly. We maintain the largest database of structured products reference data, supplemented by market intelligence, and offer it to clients in a variety for formats.
We provide market intelligence on market size, market opportunities, and trends for structured product manufacturers, trading, and structuring departments.
We help index providers understand their market shares, track indices performance and find new opportunities.
We can give you access to a large volume of customer reports, which allows you to have an in depth understanding of the market, including volumes, trends, league tables and data-driven research.
We store detailed information for every single structured product sold in the U.S. and European markets. We cover all data points from distribution to dates, and from volumes to life-cycle management, including coupons.
We provide reference data and life cycle management, as well as intelligence on growth opportunities and market shares, for structured products.
We offer standardized marketing materials to ensure the best practices in the industry.
WSD Technology and Capabilities
Events We host a series of events throughout the year focused on providing value to the industry. SPi Canada Whether retirement is over a decade away or just around the corner, investors face significant challenges that will affect their lifestyle. Managing savings and investments is one of the biggest challenges those financial advisors face with clients. The SPi Canada Conference brings to discussion the latest solutions in Canada and how providers can help managing investors' expectations. With the leading Canadian banks, this conference is the right place to learn more about these solutions, about their advantages and risks. We close the day with a networking cocktail reception and industry awards.
SPi USA The SPi Conference brings together the structured products industry for a day of debate, insight and collaboration. Financial professionals joining SPi USA have already proven to be successful users of structured investments or wish to learn everything about these products. Our conference provides practical tools and guidance to take their achievements to the next level and closes with a special awards ceremony. AI Showcase Dedicated to delivering cutting-edge AI technology to the forefront of the industry, this extraordinary event assembles forward-thinking CTOs and industry leaders on a global scale, offering delegates an unparalleled opportunity to immerse themselves in the very pulse of the latest AI advancements.
WSD Technology and Capabilities
Get in touch Frances Weston Chief Commercial Officer +44 (0) 203 865 1787 frances.weston@wsd.com Level 3, 40 Bank Street, London, E14 5NR, United Kingdom
Joseph Burris Head of Americas +1 203-816-7425 joe.burris@wsd.com 245 Park Ave. 39th Fl. New York, NY. 10167, USA
Tiago Fernandes Head of Data and Platform +44 (0) 203 865 1787 tiago.fernandes@wsd.com Level 3, 40 Bank Street, London, E14 5NR,United Kingdom
Christian Wegener Key Account Director Investment Banking +49 (69) 945 188 – 218 christian.wegener@wsd.com Tuchmacherweg 8, 37079 Göttingen
Tel +44 (0) 203 865 1787 Email info@wsd.com Web wsd.com