Counterparty Manager allows users to exchange information when opening a trading relationship and includes ISDA Amend, an online tool that enables market participants to modify multiple ISDA Master Agreements and share regulatory representations with counterparties.
ISDA, S&P Global Market Intelligence and Linklaters | CreateiQ have announced the launch of an integration between ISDA Create and S&P Global Market Intelligence’s Counterparty Manager service, aimed at simplifying client onboarding and contract lifecycle management by allowing the end-to-end negotiation of key derivatives contracts on one platform.
Counterparty Manager allows users to exchange information when opening a trading relationship and includes ISDA Amend, an online tool that enables market participants to modify multiple ISDA Master Agreements and share regulatory representations with counterparties. The integration means firms can now leverage ISDA Create’s functionality to draft, negotiate and execute ISDA Master Agreements and other key derivatives documents directly within Counterparty Manager – allowing institutions to access the details of all their contractual relationships in a digital form from a single location.
The launch follows a successful trial phase involving select banks and asset managers that leveraged ISDA Create via Counterparty Manager to amend ISDA documentation. ISDA Create is a module of CreateiQ, a contract negotiation platform developed by Linklaters. The integration with Counterparty Manager covers all modules on the CreateiQ platform, incorporating other capital markets contracts.
“We’re excited about the potential of this tool and where it will take the industry. In today’s digital age, it was only a matter of time before trade documentation became part of that. The partnership of these three organizations is bound to produce a deliberate, strategic and well-executed platform,” said Lindsay Gurbacki, Vice President, EMEA Regulatory Reporting and Derivative Compliance Manager at AllianceBernstein.
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