Investment Banking Solution
The rise and rise of structured products
By giving investors highly targeted investments tied to their specific risk profiles, return requirements and market expectations, structured products are growing in popularity. They come in many forms: commodity-linked notes; credit-linked notes; equity-linked notes; FX-linked notes; and hybdrids. And they're growing in complexity.
Removing the bottlenecks to growth
With the volume and complexity of deals growing quickly, the challenge for investment banks is to streamline the way deals are processed and documented, without a blow-out in cost and risk. Expanding your internal legal team is one option. But it takes time to find and train good people, and each lawyer can only handle so many deals when they are cutting and pasting in Word. Outsourcing to external lawyers is another option, but with high costs that eat into your margins.
A smart approach to complex documents
What if you could provide both legal and front office staff with an intelligent, automated system that produced consistent, low-risk documents, faster and at lower cost? What if you could improve productivity so that experienced lawyers spend less time drafting documents, and more time on high value business issues and product innovation?
Exari solution
Exari guides front office or legal staff through a web interview asking questions relevant to the deal at hand. Using intelligent templates designed by your own legal team, all important data is captured (and available for re-use across other bank systems), and high quality documentation is produced with all clauses required to manage the particular risks of the deal. For some deals, the system can produce a final draft and deliver it to the front office in PDF. For others, the system produces a good first draft which legal can finish off in Word.
Growth, without the pain
By improving the flow of information from front office to legal, and substantially reducing document drafting times, investment banks can handle growing volumes in a cost-effective way. Automated document production also results in fewer errors, lower risk, and greater compliance, not to mention happier staff.
