China Construction Bank (Asia), Hong Kong has announced it is to partner with FinIQ for structured products distribution and processing.

The system will integrate into bank's existing infrastructure and will automate the entire life cycle for equity linked structures, starting from product publishing, order aggregation, customer correspondence, post trade event management all the way to redemptions and maturities.

The agreement means the bank and its subsidiary China Construction Bank (Asia) Finance will deploy the FinIQ System for managing its structured products business. The modules CCB (Asia) is initially deploying are focused around equity-based structures. As the business expands, other structures will also be supported.

Michael Leung, senior vice president & chief information officer at CCB (Asia), said: "CCB (Asia) is empowering its branches to trade structured products within the retail customer base and this would not have been practical without the FinIQ System,
"With ever-changing product structures and our scaling up of structured products distribution, it is important that we protect our customer interests. This can only be done if all the correct checks, events, triggers and controls are automated, and we believe this is when FinIQ comes into place and handles all for us. Going forward, our branches and our operations department will be provided with real-time information of pricing terms and the status of post trade events thus minimising errors and increasing productivity."