Funds Transfer Pricing
Business Challenge
The Client, a Global Bank, asked LP Squared to assist them in the design and implementation of a renovated Funds Transfer Pricing system for the Secured Funding Products and Collateralisation of Derivatives.
Assignment - Delivered
LP Squared established and mobilised a team of Subject Matter Experts to deliver the Client’s needs.
The Team was involved in the full project lifecycle, including:
Creation a Business Case to ensure project initiation and sponsorship
Specification of Business Requirements by partnering with the business
Specification of detailed Functional Requirements
Partnering with IT to ensure correct interpretation of requirements and ensuring the delivery of the Technical Design Document
Business Analysis and Project Management
Functional Testing to ensure Business and Functional Requirements were delivered
Co-ordinated UAT and created communication packs to inform users of the key changes to the existing process
Result – Value added
LP Squared took ownership and production of all documentation enabling the Business teams to focus on the BAU activities
Run a series of workshops ensuring awareness, buy-in and accountability at each stage of the project
Produced training material and delivered training to each impacted Secured Funding and OTC Trading, Services and Product Control teams
On time delivery of all project milestones, within the agreed budget
Creation of a renovated Funds Transfer Pricing tool that meets regulatory requirements and is fair, equitable and transparent
The new tool delivers more accurate pricing as it ensures all funding costs are accounted for and priced into trades
Full handover to in-house teams at project completion
