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
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...