The derivatives industry increasingly recognizes the need for greater standardization, automation and digitization across the trade lifecycle, from the creation and negotiation of legal documents to post-trade processing.
Increased document standardization and the electronic creation and negotiation of legal documentation bring significant benefits to market participants, making the negotiation process more efficient, less complex and less time consuming.
This paper compares a paper-based legal document negotiation process to the workflow of ISDA Create, built on the CreateiQ platform. It includes a number of case studies that demonstrate the benefits of ISDA Create for drafting and negotiating legal agreements and negotiating account control agreements (ACAs) and initial margin (IM) documentation. The paper also explains how ISDA Create introduces greater document standardization and helps firms better manage their legal data.
Documents (1) for ISDA Create Unlocking Efficiencies and Savings: Digitized Legal Documentation Negotiation
Latest
Response to FCA on Commodity Derivatives Clearing
On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...
Response on EC’s SFR Proposal
On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...
Natixis CIB Adopts ISDA’s DRR
ISDA has announced that Natixis CIB has adopted ISDA’s Digital Regulatory Reporting (DRR) solution, enabling the bank to meet regulatory reporting requirements more efficiently and accurately. The ISDA DRR uses the Common Domain Model (CDM) – an open-source data standard...
Paper on MIFIR PTT
On April 7, ISDA, the Association for Financial Markets in Europe (AFME), the International Capital Market Association (ICMA) and the European Banking Federation (EBF) published a paper on proposals relating to post-trade transparency (PTT) under the Markets in Financial Instruments...