Compared to the typical environment for bilaterally traded OTC derivatives, central clearing adds complexity through the inclusion of multiple parties and the need to manage different sets of legal contracts. In this new market environment, if documentation management is not streamlined, financial institutions will face increased legal costs and operational risks.
To best cope with this processing burden, financial institutions will need to automate documentation management processes to manage both the increasing volume and use of a wider range of legal contracts required to support central clearing of OTC derivatives and other future industry changes including new regulation.
In a virtual roundtable discussion on May 17 at 10:00 am (EDT), panelists will offer advice for what financial institutions should review in their legal documents and how to most efficiently manage documentation to reduce operational risk and related costs.
The panel, moderated by Julia Schieffer of Derivsource includes:
The following topics will be discussed:
Click here to register for the complimentary webinar. We hope you can join us for this very informative session.