Contracts
With the explosive growth of more complex securities, hedge funds and assets under management, it has become increasingly clear that the current processes and infrastructure for initiating, negotiating, and managing financial agreements is severely insufficient. The evidence is found in the large backlogs of incomplete contracts that plague legal departments in all major financial institutions.
EMC Document Sciences' xPression® for Derivatives solution dramatically improves the workflow efficiency of the contract-generation process—all within a collaborative solution that uses Microsoft® Word as the business user tool. xPression for Derivatives provides contract creation, negotiation, approval and execution workflow for all types of contracts and other negotiated agreements, including Prime Brokerage Agreements, Margin Agreements, ISDA Master Agreements, and CSA’s.
xPression for Derivatives features include:- Prebuilt template library streamlines creation of custom documents, saving hundreds of hours per week.
- Realtime dashboard tracks and sorts every outstanding agreement, enabling load balancing, tracking and auditing.
- Detailed search and advanced tools for comparing all existing agreements down to the granular content level, highlighting potential exposure and managing risk.
- Risk management capabilities to quickly review key risk metrics, including NAV triggers, Collateral Events, Withdrawal Provisions, and other data points.