All parameters (such as Currency, Contractual amount, name of manufacturer etc.) in the user interface can be changed to contain your custom information. Every other text in the generated OTC KID is defined by business logic and has been signed off by legal advisory. Therefore, to ensure the compliance of the documents they are delivered as PDF and the texts are fixed and cannot be changed.
This functionality will be provided in one of the next updates. Currently planned for January 2018
Yes, we are continuously upgrading our possible OTC instruments to make sure we meet all your needs.
For 2017 the following will be implemented:
- Interest Rate Swap
- Equity Options
Additional structures can be booked via cleversoft direct contract. Additional structures are for example:
- Single Barrier Options
- Digital Options
- Double Barrier Options
Please contact your Thomson Reuters Representative for details.
Yes, the solutions allows to open the OTC KID generator more than once.
Receiving machine readable calculation results requires a redistribution license. Please contact your Account Manager.
Yes, it is possible to save a PDF of the OTC KID to the desktop by generating a OTC KID and pressing the download button afterwards.
A generic (The term used in the Level 3 guidelines from ESMA is illustrative) OTC KID should be based on market data that are representative for the market conditions and is applicable as long as the market conditions have not changed materially. The KID should therefore not be based purely on hypothetical data nor should it include specific contractual data.
A specific (also called transaction specific or bespoke) OTC KID represents a precise trade of your client. So this contrasts the the generic PRIIP which can be used for multiple “similar” trades.
The order number is a value which can be used to find a generated OTC KID directly in the docArchive™. Typically we recommend that you use your own internal numbering scheme. This number is not automatically uniquely assigned.