OTC Derivatives Documentation
With increasing regulations and the growth of more complex securities, it has become increasingly clear that the current process and infrastructure for initiating, negotiating, and managing financial agreements is severely insufficient. The derivatives market is plagued with financial and operational inefficiencies due to large backlogs of incomplete, inaccurate, and unaudited documentation resulting in potential lost revenue and regulatory fines.
xPressDerivatives
Solution Overview
EMC Document Sciences’ xPressDerivatives solution dramatically improves the entire OTC derivatives documentation process—from the creation, negotiation, and management of ISDA master agreements and credit support agreements, to the generation of trade confirmations and term sheets. xPressDerivatives provides a completely centralized OTC derivatives documentation platform connecting the front office with middle and back offices—all within a collaborative solution that uses Microsoft® Word as the business user tool.
xPressDerivatives features include:- Automated template library streamlines creation of custom documents, saving hundreds of hours per week.
- Manage industry and counterparty specific content across documents.
- Realtime dashboard tracks and sorts outstanding documentation, enabling workload balancing, tracking and auditing.
- Detailed query capability to granularly analyze all existing agreements, provisions, and triggers—for example, determining how a downgrade would trigger termination events across all counterparties and documents.