Supporting increased operational efficiency and counterparty transparency
Counterparty Manager is a comprehensive service that allows you to engage with your counterparties, exchange and track entity and onboarding information securely and address your regulatory compliance requirements. Our centralized service enables you to manage and share documentation, make regulatory representations and validate your data.
Counterparty Manager allows you to upload, disseminate and maintain over 250 document types across 50 categories. Counterparties can securely permission information to be exchanged and control the flow of data to meet Know Your Customer (KYC), AML, credit, legal and tax requirements. Counterparties can view the progress of their entities through a dashboard and inform their trading counterparties when accounts are ready to be onboarded or information has changed. Our solution complies with data privacy regulations, secures encrypted storage of information and monitors when documents are due to expire. All transactions and data exchanges are tracked in a transparent audit trail.
Our Counterparty Manager suite of solutions and services helps you to:
Access an extensive network of trading counterparties and validated documentation
Quickly and effectively exchange thousands of bilateral agreements
Address regulatory requirements including ASIC, Dodd-Frank, EMIR, FATCA, MiFID II, HK SFC Electronic Trading Rules and uncleared margin requirements
Digitize data and documentation for in-depth analysis with a complete audit trail
Manage and amend trading documentation
Monitor and manage the onboarding workflow to be ready to trade
We combine the data, processes, tools and collection to ensure information is accurate, complete and up to date. Through our extensive partnership network with ISDA, OpenText and SmartDX, we enable our customers to negotiate and exchange multiple agreement types including ISDA Master Agreements, credit support annexes and execution agreements. We provide the tools needed to analyze, digitize and negotiate documentation whether that is through a bilateral or fully automated process.
Simplify Workflows – User friendly, online interface for documentation exchange and management, helping to simplify processes for regulatory requirements
Drive Efficiency – Reduces reliance on email and paper-based interactions therefore facilitating a more efficient and cost-effective exchange of large volumes of data and documentation
Increased Security – Security protocols built into Counterparty Manager ensure documents are not accessed by parties who are not permissioned
Address Regulatory Requirements – Helps address onboarding requirements and enables compliance with evolving regulatory obligations, including Dodd-Frank, EMIR, FATCA, and MiFID II
Global Outreach - Access to broad network of broker dealers, institutional investors and other trading counterparties
Institutional asset managers
Loan agent banks
Counterparty Manager: A centralized service enabling you to manage and share documentation, make regulatory representations and validate your data
ISDA Amend is a joint service provided by IHS Markit and the International Swaps and Derivatives Association, Inc. Through ISDA Amend, swap dealers and their customers can engage on a secure online platform. Customers can classify their trading entities, and exchange protocol questionnaires to efficiently amend ISDA master agreements to facilitate regulatory compliance requirements for Dodd-Frank and EMIR.
Electronic Trading Compliance is a regulatory module within our Counterparty Manager platform that enables you to easily and efficiently exchange information for electronic trading due diligence and algorithmic trading regulations. The module allows you to comply with multiple regulatory regimes and customize due diligence questionnaires to support local requirements, including the ability to distribute and track algorithm training material. You receive an electronic questionnaire, training review and sign-off capability designed by a number of industry associations, including AFME/TIA, AIMA, ASIFMA, ATF, FPL HKIFA, and AFME DEA to help buy-side firms and brokers gather and exchange the information necessary to meet their due diligence requirements.
Through Outreach360, sell-side firms can analyze their existing buy-side client population, identify which clients are impacted by regulatory changes and conduct regulatory outreach through customized outreach emails and custom questionnaires. Buy-side firms can efficiently respond to questionnaires and respond to requests for information or agree to terms for new legal documents that need to be repapered. Information exchanged on the platform is completely digitized, tracked and fed to downstream systems for regulatory reporting requirements.
US tax regulations require tax forms be collected by withholding agents to appropriately identify payees and account holders, and determine the applicable withholding rate. Current methods of collection and the complexity of the forms have proven burdensome for the financial industry. In addition, FATCA imposes 30% mandatory withholding tax if a beneficial owner’s tax status is not correctly and timely ascertained. Meanwhile, global regulatory compliance costs have significantly increased due to changes in cross-border tax laws and additional regulations such as European Union Savings Directive (EUSD) and CRS.