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Our understanding of the fixed income market
in Japan and UK greatly contributed to the success
of the project. Our functional consultants helped
to set down exact requirements after discussions
with business users and communicated the same
to the technical design team.
Our team developed a solution that covered the
entire bond issue process, from pre-marketing
and investor price identification to actual syndication.
Bond details could be accessed via the Internet
by issuers and lead managers. The system allowed
for electronic price discovery and greatly reduced
the documentation and errors that had occurred
with the old manual / telephone based system.
Development was carried out offshore and the
system implemented at client offices in Japan
and UK on schedule - a critical factor as the
client was planning some major bond issues. This
was made possible by our understanding of the
fixed income market in Japan and Europe coupled
with our expertise in leading edge technology.
The translation, localization and training required
at both locations were also taken care of to ensure
a smooth transition.
This is a web based system and was developed
using three tier architecture using Java based
technologies.
The system went live in both UK and Japan in
the first week of March 2001 and has already been
used successfully for two large bond issues.
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