SaaS and Managed Service from the awarded market leader
Generation of Key Information Documents for PRIIPs ensuring regulatory compliance and includes reliable pricing and risk indicators.
Get a demoOne-stop-shop solution for fully automated and compliant KIDs for PRIIPs for asset management, banks and insurance companies. Available as either an on-premise or SaaS / cloud software or alternatively outsource to LPA. This web page focuses mainly on banking products (OTC derivatives and structured products). Further details for the asset management sector can be found through our regulatory reporting team here and for the insurance sector can be found through our Modelity team here.
Spirit of the PRIIP Regulation - Transparency for retail investors needs to be increased specially with regards to costs, chances and risks.
The aim is to make all product types comparable by means of a uniform document.
KID should be “accurate, fair, clear and not misleading“.
In order to keep your customer business successful despite complex innovations, we accompany you professionally, technically and always personally.
Capmatix combined with LPA KID Calc service serves as a powerful KID one-stop-shop solution.
We have built
5elements
into our KID Calc service that will create a proprietary solution for KIDs for PRIIPs results.
Easily structure payoffs of SRPs in one product mask and thereby be able to reduce time-to-market.
Before calculation PRIIP numbers for OTC we price OTCs in order to keep costs constant.
We build up a structuring and optimization service to create products given PRIIP results such as SRIs.
One-click initiation of PRIIP calculations.
Our experts are a part of EUSIPA and are always one step ahead in implementing new regulatory requirements.
The Key Information Document (KID) is mandatory for PRIIP funds from January 2022.
The European Supervisory Authorities (ESAs) are currently consulting amendments regarding:
Whether to keep the Probabilistic Approach or to move to an Illustrative Approach. In case the Probabilistic Approach is continued, the ESAs are considering changes to the calculation methodology (e.g. changes to the growth rates, instead of using the realized last 5 years) and to the presentation of the scenarios (e.g. reduce IHPs, remove/change stress scenario).
Towards the expiry of UCITS exemption from PRIIPs the ESAs are suggesting the inclusion of various topics from the UCITS regulation into PRIIPs. In addition, the ESAs suggest to add past performance to Category 2 products (e.g. mainly for funds, similar to UCITS KIID).
The ESAs suggest when applying Article 10 b (i.e. generic KID and specific information) to select at least four “most commonly selected options” and produce an Article 10 a-like KIDs for them (to allow investors to see the “full picture” of scenarios and costs in one document).
The European Supervisory Authorities (ESAs) are currently consulting amendments regarding:
Objectives and investment policy
Risk and earning profile
Costs
Previous performance
Practical information
3 instead 2 pages
Highly standardized specifications for KID Documents instead of flexible formulations
Annual & ad hoc updates in case of important changes regarding risks or future forecasts
Increased effort in terms of scope (product & data), risk, performance & cost calculations as well as updates and maintenance
Purpose
What is this product?
What are the risks and what can I get in return?
What happens if the Issuer is unable to pay out?
What are the costs?
How long should I hold the investment and can I take money out early?
How can I complain?
Other relevant information