Bonds & Fixed Income Onboarding & compliance
Suitability checks that stop an order before it is placed
How a bond distributor moved investor classification and knowledge assessment checks in front of the order instead of finding a lapse afterwards.
The starting point
A client has perpetuals, callables and subordinated paper on the shelf, each needing its own checks. Classification evidence and knowledge assessments expired quietly, and a lapse surfaced after the order had been taken.
What they needed
- Hold a risk rating and the checks each product requires
- Know when a client's classification or assessment expires
- Stop an order the client is not cleared for
- Record why an order was stopped
What FYNXT delivered
FYNXT holds each product's risk rating and required checks, and the client's classification and assessment with their own review dates. An order a client is not cleared for is stopped before it is placed, with the reason recorded.
What changed
- Lapses surface before the order
- Stopped orders carry a reason
- Review dates are visible, not discovered
- Dealing & trading ops
New-issue orders aggregated and allocated back cleanly
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Calls and tenders that reach the client before the deadline
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Introducer fees computed on what was allocated, not ordered
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Next step
See how FYNXT would run this for your firm.
Book a demo and we will walk through this use case on your own set-up, with the systems you already run.