From March 1st 2017, all financial institutions will have to post variation margin on all non-cleared trades. Market participants will have to modify their existing CSAs with their thousands of counterparties or set up new agreements in a very short space of time. This is representing a repapering exercise on a scale and under a timetable never before attempted.
SmartDX is integrated into IHS Markit’s Counterparty Manager and its ISDA Amend service to provide an innovative solution that accelerates the process of repapering CSAs. SmartDX and ISDA Amend serves as an end-to-end service digitize, reconcile, amend and negotiate documentation.