Joint venture combining analytics and documents
Follows all RTS requirements for calculations and text
Fully supported complete scalable solution
The SEI + Opal Ascend platform is an exciting new concept launched in 2020 providing a new PRIIPs solution.
The PRIIPs regulation came in force in January 2018 and require a Key Information Document (KID) to be generated when an investment is offered into the retail market in the EU. The requirements for each document have been specified in detail and involve text, information and calculations for risk, scenarios and costs.
The numerical values that need to be shown on the KID involve complex simulations and calculations. Servicing this requirement for an issuance pipeline of a top investment bank requires modelling and data expertise, understanding of the regulatory technical standards (RTS) and collaboration with clients to ensure a calculation approach consistent with their understanding and intended approach.
Built on top of our well-established stress testing service, we have developed a powerful and flexible PRIIPs calculation engine. This leverages the asset classes and product coverage of which we have many years' experience and produces the necessary calculations together with supporting data and breakdowns.
We have teamed up with Vox Financial Partners (www.voxfp.com) to seamlessly unify our
SEI calculation engine with their Opal document generation system to produce the Ascend platform. This combined offering has the scale and flexibility to support all aspects of PRIIPs KID generation including templating, text and calculations.
Remaining abreast of regulatory developments is also very important and with revisions to methodology expected soon to take effect in 2022, alongside the adoption of UCITS funds into the PRIIPs framework, this solution is well positioned for current and future PRIIPs requirements.