The Capital Markets sector has been rocked by the new Daily Variation Margin (VM) Rule that went into effect on March 1st, 2017. Hundreds of firms across the globe are scrambling to attain compliance and “repaper” their OTC agreements with existing or new counterparties, and also reviewing their BAU process after they are compliant.
SmartDX can help right now, enabling your business not only to repaper existing agreements but also to create new CSAs when we are past the massive repapering exercise and it’s business as usual. It really is time to move away from Word.
SmartDX generates new credit support annex (CSA) agreements, lets you to collaboratively negotiate with counterparties, and then stores executed agreements with the machine readable data in industry utilities like IHS Market CounterParty Manager – all cloud-enabled and digital from start to finish. Our integration with CloudMargin handles the on-going operational processes associated with collateral, from daily mark-to-market calculations through to the instruction of collateral movements for each transaction, automating and optimizing the collateral management process.
Want to know more about SmartDX and its partners for repapering? Leave us a note using our contact form and we’ll get back to you.
Want to know more about issues related to and how to approach repapering? Check out the videos below featuring Robin Moody of SmartDX and Brett Aubin of Gordon Dadds from a webinar sponsored by the OTC Space.
Contact SmartDX about repapering