ISDA Create available through S&P Global Market Intelligence’s Counterparty Manager
25 September 2023 UK
Image: AdobeStock/MQ-Illustrations
The International Swaps and Derivatives Association (ISDA) and law firm Linklaters, which worked together to develop the online derivatives documentation platform ISDA Create, have announced an arrangement with S&P Global Market Intelligence that will enable users to access and amend documentation on ISDA Create via S&P’s Counterparty Manager service.
Through this arrangement, the participating companies aim to streamline client onboarding and contract lifecycle management by enabling derivatives contracts to be negotiated end-to-end via Counterparty Manager.
This will enable users to draw on ISDA Create to draft, negotiate and execute ISDA Master Agreements and other key derivatives documentation directly within Counterparty Manager, enabling users to access their contract details in digital form via a single point of access.
Prior to the release, a number of banks and asset managers completed a testing phase through which they were able to access ISDA Create modules via Counterparty Manager to amend their ISDA docs.
Commenting on the release, ISDA’s general counsel Katherine Tew Darras says: “This integration will enable users to quickly access a digital record of their contractual and relationships data in a single place, creating significant operational efficiencies for firms, as well as reducing risk.”
Shilpa Bhandarkar, CreateiQ chief executive, adds: “Since we started CreateiQ, we put interoperability with other systems at the core of our offering, but we can now go one step further — delivering with S&P Global Market Intelligence an end-to-end solution for capital markets contracting.”
S&P Global Market Intelligence managing director of platforms and regulatory compliance Lansing Gatrell comments: “This is an important step in our goal of driving total efficiency and reducing systemic risk across the capital markets industry.
“We are building a complete ecosystem leveraging tools like CreateiQ to help our clients with their contracting needs, and we will continue to enhance our offering to solve the market’s biggest challenges.”
ISDA Create is a module of CreateiQ, a contract negotiation platform developed by Linklaters. The integration with S&P Counterparty Manager covers all modules on the CreateiQ platform.
Through this arrangement, the participating companies aim to streamline client onboarding and contract lifecycle management by enabling derivatives contracts to be negotiated end-to-end via Counterparty Manager.
This will enable users to draw on ISDA Create to draft, negotiate and execute ISDA Master Agreements and other key derivatives documentation directly within Counterparty Manager, enabling users to access their contract details in digital form via a single point of access.
Prior to the release, a number of banks and asset managers completed a testing phase through which they were able to access ISDA Create modules via Counterparty Manager to amend their ISDA docs.
Commenting on the release, ISDA’s general counsel Katherine Tew Darras says: “This integration will enable users to quickly access a digital record of their contractual and relationships data in a single place, creating significant operational efficiencies for firms, as well as reducing risk.”
Shilpa Bhandarkar, CreateiQ chief executive, adds: “Since we started CreateiQ, we put interoperability with other systems at the core of our offering, but we can now go one step further — delivering with S&P Global Market Intelligence an end-to-end solution for capital markets contracting.”
S&P Global Market Intelligence managing director of platforms and regulatory compliance Lansing Gatrell comments: “This is an important step in our goal of driving total efficiency and reducing systemic risk across the capital markets industry.
“We are building a complete ecosystem leveraging tools like CreateiQ to help our clients with their contracting needs, and we will continue to enhance our offering to solve the market’s biggest challenges.”
ISDA Create is a module of CreateiQ, a contract negotiation platform developed by Linklaters. The integration with S&P Counterparty Manager covers all modules on the CreateiQ platform.
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