How to Explain PRIIP-KID’s SRI to a Customer in 30 Seconds?

Don’t start the 30-second countdown yet! First some background information: Starting on 1/1/2017, retail investors in the EEA must be presented with a KID (Key Investor Document) for structured products/OTC’s. Each KID is presented with a SRI (Summary Risk Indicator) ranging from 1 – 7. With 1 being lower risk and 7 being higher risk.

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How can I focus on selling, not documenting?

If the KID software is not easy and intuitive to use, your users will become frustrated. How can you achieve that? We’ve spent weeks with users finding the right solution. Our design patent pending solution: Go to the KID software and (1) pick up a product payoff (2) enter the trade details (3) and with

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Is the PRIIP-KID similar to a PIB (Produkteinformationsblatt) in Germany?

To a certain degree, the PRIIP-KID is similar to the PIB. But the PRIIP-KID is more technical requirements such as it includes a clearly defined risk indicator (ranging from 1-7) based on VAR, a transparent performance scenario, rules when to update the KID in case of an event, and more technical information (like up to

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How often do I need to update ALL my KID’s?

A new KID has to be created using real-time data for SRI (Summary Risk Indicator) and Performance Scenario. As for updating all of your existing KID’s, the ESMA (European Securities and Markets Authority) is not explicit in its Final Draft Regulatory Technical Standards for PRIIPs Regulation (June 2016). Thus, we have to use deductive logic.

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Seriously, the Definition of “KID Made Available” is Not Clear?

According to some derivatives experts, the ESMA’s (European Security Market Authority) wording is not clear in regards to “made available.” The exact words of one derivatives expert “Is a product in the marker that is not (public) offering (for the purpose of the legislation) made available?” Seriously? PRIIP-KID’s can’t be compared to the private placement

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Private Banking: What is the Key to Success with PRIIP-KIDs?

We strongly believe it’s speed. Why? Starting on 1/1/2017, retails customers based in the EU have to be presented with a PRIIP-KID immediately. Not 5 minutes or 5 hours later.  Thus, a slow setup can waste a lot of your time.  Therefore, the key to success for Private Banks is speed! In the following video demo,

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