Capital Markets/Derivatives Documentation

What if we could provide both legal and front office staff with an intelligent document automation system that produced consistent, low-risk documents, faster and at lower cost?

The rise and rise of structured products

Structured products come in many forms: commodity-linked notes; credit-linked notes; equity-linked notes; FX-linked notes; and hybrids. And they're growing in complexity. For derivatives documents, speed and accuracy are essential. And with increased regulations, the importance of complete documentation is essential. And, of course, there's the need to reduce risk. Documents such as ISDA Master Agreements, CSAs, Term Sheets, Red Herrings, and Prospectuses are good candidates for automation.  

 

Removing the bottlenecks to growth

With the volume and complexity of deals growing quickly, the challenge for investment banks is to streamline the way deals are processed and documented, without a blow-out in cost and risk. Expanding your internal legal team is one option. But it takes time to find and train good people, and each lawyer can only handle so many deals when they are cutting and pasting in Word. Outsourcing to external lawyers is another option, but with high costs that eat into your margins.

 

A smart approach to complex derivatives documents

What if you could provide both legal and front office staff with an intelligent document automation system that produced consistent, low-risk documents, faster and at lower cost? What if you could improve productivity so that experienced lawyers spend less time drafting documents, and more time on high value business issues and product innovation?

 

Click here to read how a Global Investment Bank reduced turnaround times for complex financial documentation by as much as 70%

 

Exari solution

Exari Document Assembly guides front office or legalstaff through a web interview asking questionsrelevant to the deal at hand. Using intelligent templates designed by your own legal team, all important data is captured (and available for re-use across other bank systems), and high quality documentation is produced with all clauses required to manage the particular risks of the deal. For some deals, the system can produce a final draft and deliver it to the front office in PDF. For others, the system produces a good first draft which legal can finish off in Word.

 

 

Growth, without the pain

By improving the flow of information from front office to legal, and substantially reducing document drafting times, investment banks can handle growing volumes in a cost-effective way. Automated document production also results in fewer errors, lower risk, and greater compliance, not to mention happier staff.

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