Standard Chartered implements software for structured deposits

Standard Chartered Bank is to implement a structured deposits pricing and processing system for its operations in Taiwan, Indonesia, Brunei, Malaysia, Japan and UAE. The bank will link its Premium Currency Investment (PCI) businesses for these countries to its PCI operation in Singapore, which has been using the system for the past two years

The FinIQ system is used to price complex FX-linked and equity option-linked deposits. According to Shodhan Shah, technology manager at Singapore-based FinIQ, there has been an increase in retail demand for structured deposits. “Previously, these products were mostly bought by private banking investors or high-net-worth individuals,” Shah says, adding that as the sales volumes of structured deposits have increased significantly, so do the processing and transaction costs.

“For example, customers

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