From origination through marketing to bookbuild, allocation, and settlement: IssueBook streamlines and centralizes the fixed income new issue process.
Primary order management can be complex, especially on multitranche global executions. Bank salespersons and investors are directly entering orders at a rapid pace.
Strict intraday deadlines increase the pressure to aggregate orders and accurately distribute allocations. From order taking to trade booking and final settlement of fees, these sensitive workflows must all meet the highest of regulatory and compliance standards.
IssueBook is an all-in-one solution that allows banks to simplify workflows, manage multiple and concurrent deals, and connect all permissioned internal participants in the new issue process.
The platform enables users to specify deal terms, communicate these terms to other participating banks, bookbuild and allocate order books, automatically book trades, and finally settle transactions.
IssueBook can execute multiple deals concurrently, manage duplicate orders, grant fine-grained user permissions, export order data, and perform order book analysis.
It is also seamlessly integrated with IssueNet and IssueLaunch, allowing for broader communication and cooperation between the entire syndicate, the issuer, and investors globally.
With an user-friendly interface, users can enter multiple indications quickly, upload and distribute documents, instantaneously communicate allocations, as well as manage multitranche and multi-currency deals in real-time.
The flexible coverage model allows banks to grant users from multiple locations and business lines permission to participate in deals.
IssueBook accepts orders from internal syndicate and sales team members as well as from other deal participants and investors via integrations with IssueNet and InvestorAccess.
IssueBook helps banks ensure compliance with key auditing regulations, including MiFID II and GDPR. In addition, it acts as a central repository for reporting across regions/ investors/ products.
IssueBook efficiently processes trades, resulting in fewer broken trades and faster transaction settlement.
The platform can also generate trade records and other data needed for downstream processing as well as allow for bulk updates to fields on multiple orders.