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Exari Expands Financial Services Capabilities with Initial Margin Solution

AI-driven contract automation powering compliance for the global financial services market

July 17, 2018

Boston, MA – July 17, 2018 – Exari, the leading provider of enterprise contract management software, today announced an advanced solution for the mass outreach, drafting, negotiating and re-papering of trading, collateral and custodian agreements and documentation. The new solution can dramatically reduce the time, cost and risk associated with this highly regulated contracting process.

ISDA’s Working Group on Margin Requirements demand the amendment of existing or creation of new collateral documentation to comply with Initial Margin and Variation Margin rules. Previous phases of Margin reform have demonstrated that, without a fully integrated and highly automated platform, the process to comply can be long, expensive and error-prone. Thousands of hours of document analysis and communication put compliance at serious risk.

Exari’s latest solution demonstrates there is a better way. With Exari, banks and brokerages benefit by:

  • Reducing the time it takes for outreach, data and terms capture
  • Producing accurate and compliant drafts rapidly
  • Eliminating or minimizing the cost of expensive outside legal counsel and consultancy

Exari provides a complete end-to-end process that reliably and accurately generates high-quality documentation and captures and references data that is integral to completing the process successfully. Exari’s established contract management platform is fully equipped to streamline the entire process, from digitizing agreements into reportable data, to managing the re-papering and negotiation.

Through its advanced Artificial Intelligence engine, Exari automatically captures a highly granular level of data from even the most complex agreements. This eliminates the process of reading through hundreds, even thousands of agreements, with instant access to all documents that require attention for compliance.

Exari is already providing many global institutions with the flexibility and control to communicate and negotiate with its clients. “Document Risk Solutions (DRS) has been partnering with Exari for many years to deliver large scale client outreach and contract re-negotiation projects in areas such as variation margin” says Jonathan Martin, CEO at DRS. “The next phases of the initial margin roll-out will require a similar response; combining a robust, reliable and flexible technology platform with a service such as DRS’s outsourced document management capability. Without access to such resources the market will struggle to achieve compliance within required timescales and at a manageable cost.”

Exari’s Initial Margin solution for complying with new and future regulations include:

  • Reliable and accurate documentation provided through an intuitive interview process with flexible user-defined templates
  • Management of both the internal and external outreach communication process with a complete audit trail
  • Identification and comparison of any differences and discrepancies in agreements/documentation versions
  • Integration with downstream collateral, trading and the custodian platforms through open application programming interfaces (API's).

Exari’s contract management platform makes both managing the entire Initial Margin process and complying with new regulations that much simpler. For more information, please contact us.

About Exari

Exari delivers the most complete Enterprise Contract Lifecycle Management platform, used every day by market-leading companies to understand all aspects of their contract ecosystem worldwide. With Exari, customers can reduce contract risk and improve operating efficiency with 100% Contract Certainty™. Learn more at www.Exari.com.