Market: Banks, Insurance Companies, Asset Managers
Reference regulation: PRIIPs, UCITS, Retail Investment Strategy (RIS), Consumer Composite Investments (CCI)
The detailed description of product features, the collection and organisation of market data, the implementation of technical standards for each PRIIPs category and the monitoring activities are only some examples of how burdensome the creation and control of PRIIPs KIDs can be.
Fairmat for KIDs is a SaaS platform that enables organisations to manage the entire KID lifecycle in a structured and automated way, turning activities that are often fragmented into an organised, scalable and fully traceable process.
Thanks to the integrated management of data, calculations and documentation, KID production becomes a data-driven process in which every stage, from initial generation to monitoring and distribution, can be automated and tracked over time.
More than 100 issuers are now using Fairmat for KIDs (among Banks, Insurance companies and Funds) thanks to its flexibility for what concerns configuration and customization, ease of use and completeness.
Yes. Fairmat for KIDs implements the methodologies required by Regulation (EU) 1286/2014 and Delegated Regulation (EU) 2021/2268, including the technical specifications relating to scenarios, risk and costs.
Fairmat for KIDs supports all PRIIP types and all asset classes:
Yes. Fairmat for KIDs is designed to evolve in line with the new disclosure requirements in the United Kingdom for Consumer Composite Investments (CCI), including the production of the Product Summary that will replace the KID.
Not necessarily.
The service can include a data-feed service provided by Fairmat, including the series required to calculate the regulatory indicators, such as historical equity and index series, interest-rate levels, foreign-exchange rates, commodities, historical fund series and EPT data. Alternatively, it can integrate with the providers already used by the client through automated flows.
If the client prefers to manage data loading directly, the data can be uploaded independently, including through automated APIs or scheduled flows.
Yes. The production of the official document is an integral part of the process.
Pagination, graphic customisation, language management and the generation of final PDF documents, including accessible PDFs, are enabled by the Fairmat for Documents component, which is natively integrated into the application.
This makes it possible to keep the calculated content and the published document consistent within a single application environment.
Yes. The platform allows EMT (European MiFID Template) and EPT (European PRIIPs Template) files to be generated and managed, keeping them aligned with product data and the information contained in the KID.
The system is kept up to date with the versions and specifications published by FinDatEx and allows files to be generated automatically according to the operating model defined with the client.
The platform supports flows to trading venues such as Borsa Italiana and Vorvel for listing and life-cycle events during the product’s life, for example coupon payments and early redemption.
It also manages reporting to the Bank of Italy, such as ISIN requests and definitive data communications, and can meet authority requirements relating to the filing of Final Terms, including the creation of flows for DEPROEM to Consob.
Yes. The platform supports the management of KID notification flows to supervisory authorities, generating the required files in line with the applicable layouts and technical specifications.
For Consob, the solution manages the standard layout including the file containing structured information, and can also support the operational activities connected with the notification, such as file upload, receipt of outcomes, communication status monitoring and related traceability.
Yes. In addition to its internal calculation engine, the platform can ingest KID indicators calculated by external systems.
It is possible to import a layout containing the main quantitative information for the KID, including MRM, CRM, SRI, performance scenarios and cost indicators, and use the platform for all the other stages of the process: document generation, monitoring, publication, archiving and distribution.
Yes. Fairmat for KIDs allows different product types to be configured, their indicators to be calculated and the impact on regulatory metrics to be assessed.
For more advanced needs, the platform can be extended with IBIPs Designer for insurance-based investment products and with Pricing Platform for the structuring and pricing of structured financial products.
Yes. For this type of product, whose value depends partly on factors that are not directly observable in the market, Fairmat provides several simulation models. Among these, there is also an approach that uses ALM data already produced by insurance companies to meet other regulatory requirements (Solvency II, ORSA), thereby minimizing the additional effort required through models based on neural networks.
