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Adobe Issue 1 1998 FRAME The newsletter for Adobe FrameMaker users Fidelity invests with FrameMaker Adobe FrameMaker’s ability to manage long and complex documents has made it invaluable in the engineering and pharmaceutical sectors. Now it is proving its worth in financial services — in tandem with the Miramo database publishing package. B ritain’s boom-bust economic IFAs have to provide their clients required. A single IFA may require cycle of the nineteen-eighties is with transparent details of the financial several hundred of these documents a In this issue maybe now a thing of the past, products they are selling, including the month. but deregulation of the UK financial aims of the investment, the risks The latest Act governing IFAs’ reports 3 markets – the ‘Big Bang’ of 1986 – led to involved, definitions of the financial to clients came into force in May 1997 FrameMaker takes off products on offer, ‘what-if?’ tables and concerns disclosure of commission. a boom in private investment which has with McDonnell showing the likely performance of the This is to ensure that clients are clear continued unabated. Douglas and Swissair investments, the cost of the financial why an IFA may favour one financial Deregulation opened up equity 4 investment to a wider public, but it also products to the client, and the product over another: is it because it How to work with meant the burden of administration fell commission which the IFA will earn offers a better return on investment or FrameMaker documents more heavily on brokers and inde- from selling a product. greater security for the client, or because on the move pendent financial advisors (IFAs) selling A single report of this kind to a client it offers the IFA a better margin? the newly created financial products. on a simple investment in a private Before the legislation came into 6 Since the mid-eighties a body of legis- equity plan, for example, can easily run effect, IFAs sent clients a variety of FAQ; FrameMaker updates into five pages. The more complex the documents, a mixture of brochures and lation has evolved which governs the explained; XML support investment and the more financial selling process, resulting in document- announced products are involved, the greater the intensive administration procedures for the financial services sector. volume of documentation 8 Adobe FrameMaker established its Acrobat expands forms reputation in industries such as capabilites; events; aerospace, automotive manufacture partner products and the pharmaceutical sector, where long and complex documents to support research procedures, testing and maintenance have to be managed. More recently, FrameMaker is developing a role in helping financial services companies deal with the paper trails they must keep to comply with the new legislation. A good example of this is the way in which financial services firm Fidelity Investments uses Adobe FrameMaker, along with the Miramo database publishing package, to provide the IFAs who sell its products with the documentation they are now required by law to show their clients. continued on page 2 NEWS Adobe Frame Issue 1 1998 Page 2 Independent financial advisers can use the Fidelity Web page to generate PDF documents that comply fully with government legislation on the sale of financial products and with Fidelity’s corporate style. leaflets explaining the financial products he goes to Fidelity’s web site and enters proposed and paperwork generated by the client and product data. Calculations the IFA detailing the transaction. of cost, commission and projected To help the IFAs comply with the performance are run while Miramo legislation and present clients with a transparently selects the appropriate more attractive set of personalised sections from Fidelity’s document documents, Fidelity wanted a Web- database. Its FrameMaker engine based application which enabled IFAs to assembles the calculations and product pull down the information on financial information into an individualised products, conduct the necessary compound document in PDF, which is calculations for projected performance returned to the IFA’s screen – within and commission, and assemble them in seconds of the data being submitted. a single set of paperwork for each client. The advantages for Fidelity of this An HTML-based system to do this system are obvious: it maintains the was investigated, but eventually rejected firm’s professional image through the because it lacked the fiexibility and well-presented documentation which formatting control necessary to match IFAs send out to their clients; and it no the style and standard of presentation longer has to send out stocks of leaflets that Fidelity wanted IFAs to be to IFAs. The documentation is flexible presenting to their clients on its behalf. because it is held electronically, so new So Fidelity turned to Datazone, a base rates and fund performance software developer whose FrameMaker- statistics can be incorporated into the based Miramo database publishing tool calculations instantly. is used extensively for producing At Fidelity, Miramo runs on a Sun catalogs, price lists, directories and Unix server and draws on databases held timetables as well as financial on other Sun machines, but it will also documents such as complex invoices, run on Windows NT and supports statements and asset management viewing on Windows, Macintosh and reports. Unix workstations in Acrobat, Miramo can take input from FrameViewer or HTML formats. databases as text, images, forms and The FrameMaker-based Miramo tables. It then applies predetermined engine is used in other financial services For further information about FrameMaker contact document definitions stored in an applications, most notably for producing http://www.adobe.com additional database or FrameMaker complex invoices for the Society for document and uses the FrameMaker Worldwide Interbank Fund Transfer For futher information about Miramo contact formatting engine to generate (S.W.I.F.T.), a global electronic settling Phone: +44 171 221 8026 documents in PDF format. system which handles transactions Fax: +44 171 221 6045 Miramo can produce the lengthy worth about $2 trillion a day. e-mail: email@example.com catalogues and indexes normally At S.W.I.F.T.’s headquarters in (Neither Miramo nor Datazone is affiliated with associated with batch-processed Brussels, Miramo takes input from a Adobe Systems Inc.) database publishing. But it is also fast SAP/R3 database and can output some enough to output pseudo-real-time 60,000 pages on a peak day – proof, if reports in Adobe Acrobat Portable ever it were needed, that financial Document Format (PDF) based on ad services has as high a documentation hoc queries, as is the case at Fidelity. requirement as any other industry. And When an IFA selling Fidelity proof that FrameMaker is up to the job. products wants to create a client report, Adobe, the Adobe logo, FrameMaker and PDF are trademarks of Adobe Systems Incorporated.
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