CN113112364A

CN113112364A - Structured deposit product management method, system and medium

Info

Publication number: CN113112364A
Application number: CN202110383429.3A
Authority: CN
Inventors: 迟晓光; 汪宏斌; 李思琪; 谢海霞; 吴雅婷; 冯什; 张娜
Original assignee: Shanghai Zhonghui Yida Financial Information Technology Co ltd
Current assignee: Shanghai Zhonghui Yida Financial Information Technology Co ltd
Priority date: 2021-04-09
Filing date: 2021-04-09
Publication date: 2021-07-13

Abstract

The present application relates to a structured deposit product management scheme comprising: in the product creation stage: creating a product issuing flow according to the transaction information input by the customer; after the product is processed and rechecked, the product is formed; in the transaction maintenance phase: creating and maintaining in advance a contract template according to various contract styles of a product to be issued; executing configured approval processes aiming at an approval sheet generated according to the investment portfolio to be approved submitted by the client; generating a transaction using the contract template according to transaction data from each transaction data source; determining the risk of the transaction according to the transaction elements maintained in the approval sheet; in the life cycle management stage: aiming at the transaction from the transaction management module, calculating a transaction valuation value and a risk value according to the market performance of winning a bid in the transaction; and pricing the transaction targets, applying the pricing to the transaction one by one, and calculating the final yield rate of the transaction on the income observation date by calculating the characteristic result in each observation date.

Description

Structured deposit product management method, system and medium

Technical Field

The present disclosure relates to the field of bank fund management, and more particularly, to a method, system, and medium for managing structural deposit products for banks.

Background

With the explosion of the financial industry, more and more banks are starting to issue various types of products, among which financial derivatives are undoubtedly the one of the most interesting. Financial derivatives are financial products based on or derived from financial base products (e.g., currency, exchange rate, interest rate, stock index, etc.), which are also derived from traditional financial products and are the subject of trading.

One typical financial derivative is a structured deposit. The structured deposit refers to a financial product with a certain risk, which is formed by that an investor stores legally held RMB or foreign currency funds in a bank, and the bank hooks the income and interest rate, exchange rate, stock price, commodity price, credit, index and other financial or non-financial objects of the investor by embedding financial derivative tools (including but not limited to forward, swap, option or future and the like) on the basis of ordinary deposit. In fact, structured deposits are not ordinary deposits and are different from banking. The financial derivative tools are embedded into the structured deposit on the basis of the deposit, and the deposit can obtain higher income on the basis of bearing certain risks by hooking with the fluctuation of interest rate, exchange rate, index and the like.

Taking a structured deposit as an example, it has the characteristics of high income (compared with a pure bank deposit) and a warranty (the structured deposit is usually 100% protection of the principal, and the risk borne by the customer is only that the interest may be lost, but the principal does not have any loss). As the products for preserving and managing money are regulated, the demand for preserving the structural deposit is gradually increasing. However, the structured deposit has high requirements for derivative transactions as a deposit embedded in financial derivative tools, and also relates to a plurality of departments in banks in the aspect of fund operation. Therefore, the business of each department needs to be considered comprehensively in series in the product design stage, and the management and operation of the product need to be maintained with great effort by the manager in the subsequent maintenance and survival stage. Similar problems exist with other financial derivatives.

Due to the variety, flexibility, and complexity of financial derivatives, the design and launch of each financial derivative is costly. The existing fund management method and system are lack of intellectualization on product design, so that financial derivative products among banks are in the phenomena of singleness and homogenization, and the homogenization causes waste of resource allocation to a certain extent. Moreover, existing fund management methods and systems also fail to provide uniform systematic management across the entire process flow for long term and complex derivatives such as structural deposits. In addition, the final income of financial derivatives is also uncertain, so that certain difficulty is brought to risk management and control, and a multi-dimensional management scheme needs to be provided.

Accordingly, there is a need for a structured deposit product management method and system that is flexible and convenient at design time and provides for systematic management over the full life cycle of various products.

Disclosure of Invention

The present disclosure relates to a novel structural deposit product management scheme that enables flexible product design and provides for systematic management over the full life cycle of the product.

According to a first aspect of the present application, there is provided a structural deposit product management method including: in the product creation stage: creating a product issuing flow according to the transaction information input by the customer; after the product is processed and rechecked, the product is formed; in the transaction maintenance phase: creating and maintaining in advance a contract template according to various contract styles of a product to be issued; executing configured approval processes aiming at an approval sheet generated according to the investment portfolio to be approved submitted by the client; generating a transaction using the contract template based on transaction data from each transaction data source; determining the risk of the transaction according to the transaction elements maintained in the approval sheet; in the life cycle management stage: calculating an evaluation value and a risk value of the transaction according to the target market performance in the transaction aiming at the transaction from the transaction management module; and pricing the transaction targets, applying the pricing to the transaction one by one, and calculating the final yield rate of the transaction on the income observation date by calculating the characteristic result in each observation date.

According to a second aspect of the present application, there is provided a structural deposit product management system comprising: a product issuance module configured to create a product issuance flow according to transaction information input by a customer; a product establishment module configured to establish a product through the handling and rechecking of the product; a contract template management module for creating and maintaining a contract template in advance according to various contract styles of a product to be issued; the approval management module is configured to execute configured approval processes according to approval lists generated according to investment portfolios needing to be approved and submitted by clients; a transaction management module configured to generate a transaction using the contract template based on transaction data from each transaction data source; a risk management module configured to determine a risk of the transaction from transaction elements maintained in the approval document; a transaction valuation module configured to calculate valuations and risk values for transactions from the transaction management module according to target market performance in the transactions; and the pricing management module is configured to price the transaction targets, apply the pricing to the transaction targets, and calculate the final yield rate of the transaction on the income observation date by calculating the characteristic result in each observation date.

According to a third aspect of the present application, there is provided a computer readable storage medium having stored thereon instructions that, when executed, cause a machine to perform the structural deposit product management method of the first aspect.

This summary is provided to introduce a selection of concepts in a simplified form that are further described below in the detailed description. This summary is not intended to identify key features or essential features of the claimed subject matter, nor is it intended to be used to limit the scope of the claimed subject matter.

Drawings

In order to describe the manner in which the above-recited and other advantages and features of the invention can be obtained, a more particular description of the invention briefly described above will be rendered by reference to specific embodiments thereof which are illustrated in the appended drawings. Understanding that these drawings depict only typical embodiments of the invention and are not therefore to be considered to be limiting of its scope, the invention will be described and explained with additional specificity and detail through the use of the accompanying drawings in which:

fig. 1 shows a basic block diagram of a structural deposit product management system operating in an example environment according to one embodiment of the present disclosure.

FIG. 2 illustrates a specific business flow diagram executed by a structural deposit product management system in stages of a product's lifecycle, according to one embodiment of the disclosure.

Detailed Description

In order to solve various defects in the existing fund management method and system, the disclosure provides a set of scheme capable of providing full-flow intelligent management in each stage of design, maintenance management and survival of products.

In general, the scheme covers the whole life cycle of the product, including three stages of creation, transaction maintenance and shelf life management.

For the sake of illustration, the scheme is first outlined, again taking the structural credit as an example. In the product creation stage, the scale, date, expected yield and the like of product recruitment are maintained into the system through the client, and the system enters the product issuing process. And entering a product establishment flow and a flat disc flow after the handling and rechecking stages, wherein the establishment of the product is indicated when the establishment flow is finished, and at the moment, the structural deposit product management system sends a product establishment file to the sales system and simultaneously sends the transaction elements to the transaction management module for subsequent management. In the transaction maintenance stage, the system can provide a contract template of the product in advance, the elements of the contract template can comprise a target, a contract term, a profit structure and other elements, and the trader maintains the contract style of the product to be issued in advance by bank confirmation, so that the workload of the trader for entering the transaction can be effectively reduced. And then, the client can select the investment portfolio to be approved to submit and generate an approval sheet, an approval path is calculated according to the configured approval process variable system, and the approval sheet becomes a transaction in the system after the approval process is finished. The transaction management module receives the transaction elements and generates a transaction according to the transaction elements, then sends related data to the risk management module, and the risk management module performs corresponding accounting according to transaction opponents, principal and structural income in the transaction and reminds a user when appropriate. Meanwhile, the trading valuation module classifies the structural income in the trading, respectively matches with corresponding valuation calculation engines, and calculates valuation, greens, VaR and other risk values every day in the trading life. Since the revenue of the structured deposit is related to the performance of the standard within the observation date, the pricing management module will correlate the standard market conditions to the outcome of the calculated characteristics on the transaction and the final revenue within the observation date. And the profit and loss and cash flow analysis module calculates corresponding profit and loss and cash flow based on the valuation and the final income of the transaction, so that the user can more comprehensively master the whole transaction condition.

As shown in fig. 1, a basic block diagram of a structural savings management system operating in an example environment is shown, according to one embodiment of the present disclosure.

In the figure, a structural deposit product management system 100 is in communication with a remote client 102 and a cloud 104 via a network 108 and a communication link 106.

The network 108 may include the internet, a local area network, a wide area network, a WLAN, a cellular network, and the like networking structures.

The communication link 106 may include wired or wireless communication technologies such as cable, WIFI, cellular, bluetooth, etc. to enable data communication.

The client 102 may include client software, an APP, or an application associated with a structural deposit product management system installed on various computing devices (e.g., smart phones, tablets, notebooks, netbooks, PDAs, personal computers, servers, etc.). The client 102 may enter contract and transaction information into the structural deposit product management system 100 using human-computer interaction with the client software, APP, or application, and perform operations to view valuation, pricing results, and the like.

The cloud 104 is composed of a plurality of databases (DB1, DB2, …, DBN). Each database may store various transactional product data from different data sources.

As shown, the structural deposit product management system 100 as a whole may be divided into three stages (tiers) of product creation 110, transaction maintenance 120, and deposit management 130, according to the product's lifecycle.

In the product creation phase, three modules associated with the product creation are involved, namely a product issuance module 112, a product fulfillment module 114, and a product slate module 116, where:

the product issuance module 112 is configured to: the product issuance process is created based on the size, date, and expected profitability of product recruitment that the customer inputs to the structured deposit product management system 100 via the client 102.

The product fulfillment module 114 is configured to: after the product is processed and rechecked, the product is established under the condition that a flat disc is not needed. The established products transmit the date, income structure and other elements to the transaction management module, and are transmitted to the sales system at the end of the day.

The product flat tray module 116 is configured to: the customer checks the required flat plate at the client, and the system can generate a flat plate transaction with the same transaction elements and the opposite transaction direction after the product is rechecked. Under the condition that the flat plate is needed, the product can be formed after the flat plate process is finished, and the follow-up treatment and the product form a module.

In the transaction maintenance phase, four modules related to transaction maintenance are involved, namely a contract template management module 122, an approval management module 124, a transaction management module 126 and a risk management module 128, wherein:

the contract template management module 122 is configured to: the trader can create and maintain good contract templates in advance according to various contract styles of products confirmed by banks to be issued so as to reduce the workload of the trader when entering a trade. The contract template may include the core elements of the target, contract terms, revenue structure, and other structural deposits. If the transaction is a portfolio requiring a walk-through approval process, the transaction is submitted to the approval management module 124 by an approval commissioning group. And if the transaction does not need to go through an approval process (non-approval group), the transaction can be directly and formally conducted.

The approval management module 124 is configured to: the client selects the investment portfolio to be approved and submits to generate an approval sheet, an approval path is calculated by the configured approval process variable system aiming at the approval sheet so as to execute the approval process, and the approval sheet can become a transaction in the system after the approval process is finished.

The transaction management module 126 is configured to: a transaction is generated using the contract template based on transaction data from the transaction data sources. Among these sources of transaction data may be three: one is that the product is transmitted by the product creation module after the product is established, one is directly input in the system by a trader, and the other is automatically generated after the approval is finished. The trader can directly use the maintained contract template when entering the trade, supplements the elements of real investment portfolio, trading opponents, trading date, due date and the like, and generates a trade after submitting the elements.

The risk management module 128 is configured to: when the examination and approval sheet is submitted, the system conducts risk trial calculation according to transaction elements such as transaction opponents, income structures, principal and the like maintained in the examination and approval sheet so as to determine the risk of the transaction. The risk of the transaction may include risks such as market risk and credit risk. Where credit risk is primarily directed to losses that may result from a counterparty's failure to fulfill obligations specified by a contract, and market risk is primarily directed to losses that may result from market price volatility.

Finally, during the life management phase, four modules may be involved, namely a transaction valuation module 132, a pricing management module 134, a cash flow analysis module 136, and a profit-and-loss statistics and analysis module 138, wherein:

the transaction valuation module 132 is configured to: aiming at the transaction from the transaction management module, according to a target market performance-interest rate curve, a fluctuation rate curved surface and the like in the transaction and a transaction duration, the risk values of the transaction, such as valuation, greens, VaR and the like, are calculated.

The pricing management module 134 is configured to: and carrying out European, Bermuda and American pricing on the transaction target, applying the pricing to the transaction one by one, and calculating the final yield of the transaction on the income observation date by calculating the characteristic result in each observation date.

The cash flow analysis module 136 is configured to: and inquiring the cash inflow and outflow conditions according to the inquiry conditions such as the investment portfolio, the date interval and the like selected by the client, wherein the cash inflow and outflow conditions comprise the cash flow conditions of the transaction which is priced and confirmed to have the income and is about to be delivered in the future.

The profit-and-loss statistics and analysis module 138 is configured to: and inquiring the profit and loss conditions of the stock transaction according to the inquiry conditions such as the investment portfolio, the date interval and the like selected by the client at the client, wherein the profit and loss conditions comprise the realized profit and loss and the unrealized profit. Wherein the realized profit or loss comprises an estimate calculated by the transaction valuation module and the realized profit or loss comprises an actual profit or loss calculated by the pricing management module.

It should be understood that the functions of the cash flow analysis module 136 and the profit-and-loss statistics and analysis module 138 are merely providing the customer with a tool to review product-related information and, therefore, are optional modules/steps of the structured deposit product management system.

It should be understood that various data transfer techniques may be utilized for communication between the various stages and/or between the various modules of the structural deposit product management system 100, for example, data transfer techniques commonly used in network and server architectures such as DUBBO services, Http, RPC, nginx, netty, etc. may be utilized for data communication between modules within and within the operational environment of the structural deposit product management system.

On the other hand, although in fig. 1 the various stages of the structural deposit product management system 100 and its internal modules are shown as being centralized together, it should be understood that in a practical system, the various modules are typically distributed as needed at different locations, for example throughout the bank network system architecture, for example in various departments of a bank. In fig. 1, they are combined together for convenience of explanation.

After the overall operation environment of the structural deposit product management system 100 is introduced with reference to fig. 1, a detailed business flow diagram of the structural deposit product management system 100 at each stage of the product life cycle is described below with reference to fig. 2.

As mentioned above, the life cycle of a product mainly includes three stages of product creation, transaction maintenance and inventory management. The structural deposit product is also described herein as an example.

1) A product creation stage:

in the creation stage of the whole product, three-part processes, namely issuing, establishing and leveling, can be involved.

a) The product release corresponds to a recruitment period, a user can input the recruitment scale, the date, the expected yield and the like of the product into the system through a client to form an release intention, and then the product establishment flow is entered after release handling and rechecking.

b) In the product establishment flow, whether the flat disc is needed or not can be further selected, if the flat disc is needed, the product can be formally established after the flat disc flow passes, otherwise, the product can be established only by rechecking the product establishment flow.

c) After the product is established, the transaction is automatically transmitted to a transaction maintenance stage (namely, product uplink) so as to carry out subsequent life cycle stage management.

2) A transaction maintenance phase:

in the transaction maintenance phase, the process can be mainly divided into four processes, namely contract template management, transaction management, approval management and risk management.

(1) Contract template management:

in view of the wide variety of structural deposit elements, in practice, each financial institution issues structural deposit products in a relatively fixed format, and accordingly, a contract template management module may be provided, the contract template management module being configured to:

a) firstly, the targets of hooks in the structural deposit are maintained, and the target types can be divided into three types of commodities, interest rates and indexes according to structural deposit products issued in the current market:

i. the commodity type is as follows: as long as they are expressed in terms of commodity/price, are subject to this type of subject matter. Such as Shanghai gold, XAU/USD, XAG/USD, etc.

interest type: unlike the expression of the goods/prices, there are prices on the resting base and term, expressed by interest rate over a certain period. Such as SHIBOR, LIBOR, etc.

index type: an integrated Index or economic indicator such as a VIX Index, CPI, etc.

b) The contract template is maintained in advance before transaction, the maintained template can be selected when the transaction is recorded under the condition that the change of the contract template is not large, and the system automatically takes out transaction elements in the template, so that the repeated labor is avoided, and the operation efficiency and the convenience are improved.

c) The contract template can also be managed as a certain type of product, and an organization can specify that the template must be selected when entering a transaction, and elements maintained in the template cannot be changed, so that risks are strictly controlled.

(2) Transaction management:

the method supports the integral input of the structural deposit transaction, and can also split the deposit transaction into a deposit and a structural derivative/structural option. The transaction management is configured to:

a) covering a business scenario

i. The system supports the bank self-service or passenger-substituting traders to input structural deposit transaction, the system is automatically split into deposit and derivative transaction parts according to the transaction elements and the model type of the main contract, and the user can still modify the transaction elements after splitting.

Supporting the input trader to select whether to automatically generate back-to-back, if so, automatically generating reverse trading with consistent elements and the same number of strokes by the system; in addition, whether the derivatives are completely back-to-back can be selected for the derivatives transaction, and the method is suitable for service scenes such as adjusted interest rate interchange.

When the trade is flat, the trade purpose can be selected as internal trade, the system can automatically derive the trade elements to be consistent, and the trade direction is opposite to that of the trade opponent.

To support as much as possible all types of structural deposit contracts in the market, the characteristics are divided into 7:

validation: and when the observation date is observed, if the conditional expression is established, the return of the expiration structure is effective, otherwise, the return is invalid. The corresponding benefit is determined only by the observation day.

Failure: and when the date is observed, if the conditional expression is established, the return of the expiration structure is invalid, the return is 0, and otherwise, the return is effective. The benefit is determined only by the observation day.

Touch: after the observation date is over, if the conditional expression is once established, the return due is a fixed interest rate amount, and is mutually exclusive with other characteristics. The benefit is determined by the conditions.

No touch: after the observation date is over, if the conditional expression is never satisfied, the return to maturity is a fixed interest rate amount, which is mutually exclusive from other characteristics. The benefit is determined by the conditions.

Daily cumulative: when observing the date, if the conditional expression is established, the data is accumulated once, and the profit is related to the accumulation times. Mutually exclusive of other characteristics.

Conversion of native gold: and on the observation date, if the condition is satisfied, converting the return fund due into the hook money payment, and selecting whether the return income due is converted together.

Early termination: if conditions hold, the contract may be exercised so that it terminates prematurely when the date is observed.

The above-mentioned conditional expression may be, for example, S1< S2, where S is a target price and S1, S2 are execution prices. S1 and S2 may be a certain number, such as 6.7< S <7.2, or an expression, such as: 1.05 × S0, 1.12 × S0, where the value of S0 is uncertain and needs to be derived from the actual market situation. S0 is generally consistent with the trade mark, for example, if S0 is EUR/USD, the EUR/USD exchange rate on the day of the trade origin and rest day can be directly taken as S0, and then the above formula is substituted to calculate S1 and S2. Assuming that the EUR/USD is 1.19, substituting the expressions of S1 and S2 described above results in S1 being 1.2495 and S2 being 1.3328, and finally results in the conditional expressions — true/false.

b) Functional bright spot

i. Due to the fact that the structural deposit transaction elements are various and the structure is complex, the system supports batch import transaction through Excel files, and operation of traders is greatly reduced

The portion of the structural return in the structural deposit is its greatest distinction from other transaction varieties: the structural benefit is composed of a series of properties, in which the type, how to observe and the conditions to meet the properties can be set, and benefits, in which the final obtainable benefit is clarified through similar attributes.

in conjunction with the contract template, a recommendation is made at transaction maintenance:

according to the above introduction, the form of the characteristics and the return conditions are closely related to the final return of the structured deposit. Typically, the bank will take into account the target market performance when issuing each structured deposit. For example, in the profit condition S1< S2, S1 is S0-Spread, S2 is S0+ Spread, where S0 may be the market price of the target on the release day, and Spread (point difference) may be recommended by the past historical market conditions of the target: if the contract term is 6 months, the standard deviation of the market price of the past 6 months is calculated as the point difference reference.

(3) Approval management

The approval management is mainly used for uniformly managing various processes which need to be approved and are involved in the structural deposit, and is configured as follows:

a) transaction approval

i. Supporting the setting of an approval process according to an investment portfolio/investment portfolio group;

and ii, dynamically planning the examination and approval process by taking the trading elements such as principal and a trading opponent as process variables. If the principal exceeds a certain limit, a higher level of leadership examination and approval is required;

highlighting elements of the modification for evaluation and comparison by an approver for transaction modification.

b) Contract-releasing examination and approval

and ii, dynamically planning the examination and approval process by using the reduction factors such as the reduction amount/the reduction proportion, the reduction interest rate and the like as process variables.

c) Authority examination and approval

and ii, dynamically planning the approval process by taking the rights-of-way income as a process variable.

d) Template approval

i. Supporting the setting of an approval process according to a trader/trader group;

giving a hint to the elements in the template that are not maintained.

e) Evaluation approval

i. Support to set up the approval process according to trader/trader group.

f) Pricing approval

i. Support to set up the approval process according to trader/trader group.

(4) Risk management

Risk management will perform corresponding accounting according to trading opponents, principal and structure profits in the trade, and remind users of possible risks in the trade when appropriate. For example:

a) credit risk

For products of the same structure at the same time, the profitability offered by different banks also differs, which is mainly determined by the credit risk of the bank itself. Capital equity, operating specifications, risk tolerance, and operating a robust bank, the profitability of the proposed product may be relatively low due to its low credit risk. Banks with low stability and poor self-credit offer high product yield but high risk, and investors are likely to suffer losses due to bank default. Therefore, risk management requires managing the credit risk of the product, the management comprising the following procedures:

i. accounting according to the transaction opponents;

the share variables include: valuation, maximum reimbursement amount due, principal, outstanding fees, etc.;

setting risk factor weight and calculating the occupation by combining with the risk attribute on the transaction.

b) Market risk is risk management for market price volatility. The profit of the structural deposit is closely related to the market performance, and the system provides deviation degree check and estimation of target market price and profit condition, so that customers can better control the market risk. The management comprises the following procedures:

i. according to the investment portfolio/target occupancy;

the share variables include target market price versus revenue condition bias, valuation, and greens

When the market quotation changes and reaches a certain limit, the system gives a prompt to effectively control the loss.

In fact, in addition to the credit risk described above, there are many types of risk associated with structural deposits, such as liquidity risk, exchange rate risk, interest rate risk, early termination risk, and so forth. The risk management is not limited to the above management of credit risk, but may be performed for other risks.

3) A storage period management phase

The life management stage can be mainly divided into five processes, namely transaction valuation, pricing management, cash flow analysis and profit and loss statistics and analysis.

(1) The transaction valuation includes the calculation of valuations, greens, VaR, and in particular, involves the following operations:

a) providing a parameter configuration, each financial institution may calculate configuration parameters for the estimate, such as data sources for exchange rates;

b) if the transaction is split, the valuation of the main transaction is jointly obtained by the split deposit and derivative valuations: the main transaction valuation is deposit calculation, derivative valuation and end principal, wherein the deposit calculation valuation is deposit interest rate and principal/interest calculation reference corresponds to the number of days in the year;

c) calculating an estimated value and greens based on market data such as a target on-demand exchange rate, a drop point, a interest rate curve, a fluctuation rate curve and the like, and calculating the estimated value in a past period of time by using a historical simulation method;

d) when the pricing date of the structure income is earlier than the trading due date, calculating an estimation value from the delivery date to the estimation date with the actual income after the income is determined;

e) in order to take account of the charge-off requirements of different mechanisms and aiming at the scene that the cost needs exchange rate conversion, flexible parameter configuration is provided:

since the costs of the split structural derivatives/structural options in the structural deposit may require exchange rate conversion, i.e., the principal currency is not consistent with the charge delivery currency, e.g., the principal currency is USD and the charge delivery currency is CNY, the present disclosure also distinguishes the handling of the costs.

Suppose the nominal principal of the transaction is 100000, the principal currency is USD, the fee delivery currency is CNY, and the rate is 3%. The amount of the fee based on the USD currency is 3000 and we need to estimate the fee based on this amount and some fair rate (which could be a fx trade centre intermediate price or a real time quote).

1. Estimating toll free estimate

When the exchange rate is uncertain, the system selects a fair on-term exchange rate/long-term exchange rate to estimate the cost, and calculates the profit and loss according to the cost delivery date;

when the exchange rate has been determined, the actual amount of the fee is posted to the date of the fee delivery.

2. The estimate comprising an estimated cost

When the exchange rate is uncertain, the cost is included in the estimate to account for unrealized profit and loss;

(2) Pricing management

a) Uniformly pricing the same target in the transaction and applying the same target to all the transactions using the target in a one-key mode;

b) abundant data source supports automatic pricing every day, removes manual operation risk and work load from: supporting the exchange rate intermediate price of the Chinese foreign exchange transaction center, the same industry borrowing rate (SHICOR) between Shanghai banks, the London bank same industry borrowing rate (LIBOR), customer customized market data and the like;

c) the pricing is divided into European style, Bermuda style and American style, aiming at American type pricing, the method supports the designation of the target price in a certain time interval, and the system automatically extracts the lowest price and the highest price in the time interval and applies the lowest price and the highest price to corresponding transaction to calculate the final income.

For example, the following are American observation types, labeled USD/CNY 8:00-14: 00.

Characteristic conditions are as follows: 6.2< S <7

Certain day USD/CNY 8:00-14:00 quotation (recording a disc of data per hour)

Time	Highest price	Lowest price
			8:00	7.12	6.93
9:00	7.16	6.97
			10:00	7.13	6.98
11:00	7.09	6.95
			12:00	7.14	7.02
13:00	7.16	6.93
			14:00	7.12	6.96
15:00	7.18	6.91

It can be concluded that the USD/CNY 8:00-14:00 has a maximum value of 7.16 and a minimum value of 6.93, and falls within the interval (6.2,7), and this property holds. If none of the lowest prices in the above time period is less than 7, the characteristics do not hold.

If the target S is USD/CNY 8:00-14:00+0.256, the original market data of the USD/CNY 8:00-14:00 of the data in the table are substituted into the calculation, the S maximum price is 7.416, the minimum price is 7.186, and the characteristic is not established. The system may further confirm the final benefit of the structured deposit on the benefit observation date based on whether the characteristic is established or not.

Specifically, for the daily cumulative property, the general form of the profit is

Wherein R is₀To ensure the profit, n is the number of times established within the observation day interval. The method can be further expanded into a multi-section accumulation form, and different profit conditions are designed for each different characteristic condition, such as:

serial number	Characteristic conditions	Number of times of accumulation	Conditions of profit
				1	6.2<S<7	1	3％
2	S≤6.2	1	2％

Wherein n1, n2, n3 …: the number of times that the condition of 1 cumulative number of times is satisfied is determined for each pricing

R1, R2, R3 …: the cumulative count is 1, and the corresponding profit conditions (%)

N: the total number of days was observed.

Assuming a guaranteed profit of 3.5%, based on the previously mentioned pricing determination method, we form an observation schedule with a total number of observation days of 5. We matched the established characteristic conditions at each observation day and increased the cumulative number of times:

the final yield can be derived from the above formula: 2.7% +2/5 × 3% +1/5 × 2% + 4.3%

(3) Cash flow analysis

i. The method supports the checking of the whole cash flow inflow and outflow conditions in a certain date interval;

supporting to check the inflow and outflow conditions of the principal, income and expense cash flow types according to the transaction;

iii support conversion of cash flows in different currencies into a unified currency view.

(4) And (3) loss and gain statistical analysis:

i. the day, month, year and total profit and loss of the transaction can be viewed, wherein:

the total profit and loss is the sum of all realized profit and non-realized profit and loss of the transaction deadline query date;

daily loss and gain are total loss and gain-the former day is total loss and gain;

the monthly loss and gain are total losses and gains-the last month is total losses and gains;

the annual loss and gain are total loss and gain-the last year is total loss and gain;

supporting viewing the profit-loss aggregate according to the strategy number;

and iii, aiming at the split transaction, selecting to eliminate the loss and the benefit of the main transaction or the split transaction, and avoiding repeated statistics.

Thus, it can be understood that the structural deposit product management method and system of the present disclosure provide a complete set of unified, flexible and complete management scheme for issuing various financial derivatives by banks. By utilizing the scheme, the support for the income of a complex structure in a product can be provided, the highest price and the lowest price in a specified time period are combined to calculate the data for American pricing and are automatically applied to each transaction so as to improve the accuracy of pricing, and a dynamic and flexible approval process can be provided, the process configuration is friendly and easy to operate, and the approval management of the whole life cycle of the structural deposit is covered.

The present disclosure is not only applicable to the design, maintenance and management of structural deposits, but also, for other financial derivatives, the solution of the present disclosure may be applied to the other financial derivatives after appropriate modifications are made to the structural deposit product management method and system, and these modifications also fall within the scope of protection of the present disclosure.

While various embodiments have been described above, it should be understood that they have been presented by way of example only, and not limitation. Persons skilled in the relevant art(s) will recognize that various changes may be made in form and detail without departing from the spirit and scope of the invention, as defined by the appended claims. Thus, the breadth and scope of the present invention disclosed herein should not be limited by any of the above-described exemplary embodiments, but should be defined only in accordance with the following claims and their equivalents.

Claims

1. A method of structured deposit product management, comprising:

in the product creation stage:

creating a product issuing flow according to the transaction information input by the customer;

after the product is processed and rechecked, the product is formed;

in the transaction maintenance phase:

creating and maintaining in advance a contract template according to various contract styles of a product to be issued;

executing configured approval processes aiming at an approval sheet generated according to the investment portfolio to be approved submitted by the client;

generating a transaction using the contract template based on transaction data from each transaction data source;

determining the risk of the transaction according to the transaction elements maintained in the approval sheet;

in the life cycle management stage:

calculating an estimate and a risk value for the transaction from the transaction management module based on the target market performance in the transaction;

and pricing the trading targets, applying the pricing to the transaction one by one, and calculating the final yield of the trading on the income observation date by calculating the characteristic result in each observation date.

2. The structural deposit product management method of claim 1, wherein the method further comprises:

in the product creation stage:

and generating a flat-plate transaction with the same transaction elements and opposite transaction directions according to the flat-plate requirements of the customers.

3. A structural deposit product management method according to claim 1 or 2, characterized in that the method further comprises:

in the life cycle management stage:

inquiring the inflow and outflow conditions of cash according to the inquiry conditions selected by the customer; and

and inquiring the profit and loss condition of the stock transaction according to the inquiry condition selected by the client.

4. A structured deposit product management method as claimed in claim 1 wherein the contract template includes a target, a contract term, a profit structure and other elements.

5. A structural deposit product management system comprising:

a product issuance module configured to create a product issuance flow according to transaction information input by a customer;

a product establishment module configured to establish a product through the handling and rechecking of the product;

a contract template management module configured to create and maintain a contract template in advance according to various contract styles of a product to be issued;

the approval management module is configured to execute configured approval processes according to approval lists generated according to investment portfolios needing to be approved and submitted by clients;

a transaction management module configured to generate a transaction using the contract template based on transaction data from each transaction data source;

a risk management module configured to determine a risk of the transaction from transaction elements maintained in the approval document;

a transaction valuation module configured to calculate valuations and risk values for transactions from the transaction management module according to target market performance in the transactions;

and the pricing management module is configured to price the transaction targets, apply the pricing to the transaction targets, and calculate the final yield rate of the transaction on the income observation date by calculating the characteristic result in each observation date.

6. The structural deposit product management system of claim 5, further comprising:

and the product flat-plate module is configured to generate a flat-plate transaction with the same transaction elements and the opposite transaction direction according to the flat-plate requirement of the customer.

7. The structural deposit product management system of claim 5 or 6, further comprising:

a cash flow analysis module configured to inquire the cash inflow and outflow according to the inquiry condition selected by the customer; and

and the profit and loss statistics and analysis module is configured to query the profit and loss condition of the stock transaction according to the query condition selected by the client.

8. A computer readable storage medium having stored thereon instructions that, when executed, cause a machine to perform the structural deposit product management method of any one of claims 1-4.