Summit MUST product setup and training
Summit MUST product setup and training

Client

Israeli Bank, Tel Aviv

Key words

Summit, MUST, Training, Structured Products

 

Context

Our client needed to set up two new products: FX Volatility Swap and TARF (TARN FX).

They lacked the MUST capability in-house and requested that Phi provided not just assistance with the set up of the new products but also wider training in MUST to allow for self-sufficiency going forwards.

Solution

  • Phi prepared a bespoke training programme and provided a MUST functional expert to deliver the training on-site in the client’s own Summit instance, with the client’s own familiar static and real market data.
  • Following off-site preparation, the training consisted of 2 days of presentations and 3 days of workshops where the users implemented the products for themselves, with assistance, and completed exercises in trade entry, pricing, resets and documentation.
  • At the end of the training the FX Volatility Swap and the TARF were correctly configured in the training environment and ready for delivery into wider UAT prior to production release.
  • The trainees were confident of being able to set up similar products in the future without further assistance
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