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.