Post on 04-Jul-2020
Panel Discussion #1The Road to Zero: No Touch Collateral Processing
Mark Demo
Tony Ashraf
David Beatrix
Barnaby Binder
Ross Dilworth
Jack Dixon
Directory Industry & Marketing, AcadiaSoft, Moderator
European Head of Derivatives Collateral & Clearing, BlackRock
Product Specialist, BNP Securities Services
Global Head of Collateral Management, HSBC
Global Head of Collateral, Margin and Valuation Services & Global Head of Derivative and FX Operations, Barclays
Margin Automation Specialist, AcadiaSoft
Panel Discussion #2IM Big Bang Go Live – Time & Cost-Effective Solutionsfor IM Phase 4/5 Firms
Mark Demo
Marek Colligan
Mark Higgins
Neil Ryan
Prabhat Singh
Elena Staloff
Adam Willis
Directory Industry & Marketing, AcadiaSoft, Moderator
Head of Collateral Management Operations Europe, BNP Paribas
Managing Director Collateral Management & Segregation,BNY Mellon Markets
COO, Quaternion Risk Management Limited
Managing Director, Expert Services, AcadiaSoft
Executive Director for Global Collateral, DTCC
Global Service Owner of Uncleared Derivatives, UBS
Panel Discussion #3Accelerating IM CSA Negotiation and / or Amendment & Agreement Activation Ahead of IM Big Bang
Mark Demo
Richard Barton
Alan Baxter
Paul Cluley
Deepak Sitlani
Joceline Zheng
Directory Industry & Marketing, AcadiaSoft, Moderator
Director Agreements Segment & Product, AcadiaSoft
Executive Director, UBS
Derivatives & Structured Products, Allen & Overy LLP
Derivatives & Structured Products Group, Linklaters
Head of Product, Droit Financial Technologies
Transforming Initial Margin negotiations
TM
6
Margin XchangeTM at a glanceAn optimum IM solution should:
• Capture all stages of IM negotiation
• Build on established and widely used industry platforms and technology
• Cover all documents – including custodian and eligible collateral
• Allow all parties (incl custodians) on to negotiation platform, but not be dependent on it
• Generate documents efficiently, but retain full flexibility to customise
• Accommodate buyside structures
• Allow bulk uploads and cloning to save time
• Drive down the time and cost of negotiation – and be resource agnostic
• Impose quality controls (permissioning) on negotiators
• Provide governance (status and internal escalations) and audit control
• Capture every step in negotiation and final documents as data
• Export data to users, custodians and industry service providers
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Margin XchangeTM at a glance• Unique collaboration between Allen & Overy, IHS MarkitTM and
SmartDXTM capturing industry-leading:
• Legal knowledge and experience in IM documentation and negotiation
• Derivatives data capture and management
• Online documentation management and negotiation platform
• Online portal hosted on IHS MarkitTM Counterparty Manager
• SmartDXTM platform for online document negotiation captures full history and audit trail.
www.ihsmarkit.com/products/margin-xchange
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Margin XchangeTM at a glance• Margin Xchange builds on market-standard technology and platforms.
• IHS MarkitTM Counterparty Manager already used by:
• 150 of largest dealer groups
• 100% of all G-SIB banks
• 10,000+ buyside and corporate accounts
• 165,000+ legal entities and 30,000+ active users
• SmartDXTM document generation and negotiation platform already used by:
• 21 Phase 1 & 2 dealers
• 77% of the top 13 G-SIB banks
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Margin XchangeTM will transform IM negotiations
4 Full suite of documents – including Eligible Collateral Schedules
3 Automated document generation
5 On-line negotiation using your chosen resource model
7 Case management dashboard and escalation records
8 Full data capture of all variables, including freetext
1 Pre-negotiation outreach via IHS MarkitTM Outreach 360 tool
9 Data export to your (and custodian) systems
6 Negotiator permissioning and full audit trails
2 Negotiation and cloning of Term Sheet elections
10 Compatibility with downstream collateral data utilities
ISDA Create - IM June 2018
ISDA Create - IM
• IM documentation:o draft automatically o delivero negotiateo execute
• Data:o captureo analyzeo store
• Process/resource management
• ISDA expects to have future offerings under ISDA Create - for example, to complete the Schedule to the ISDA Master Agreement
ISDA Create - IM
ISDA Create
12
Market participants asked to express interest
End of June 2018
Pricing circulated
End of May 2018
Begin integration/on-boarding – IT
contacts needed
July 2018
Minimum viable product (MVP) release
Sept 2018
Circulate user agreements to
market participants
Aug/Sep 2018Payment for
2019 access to ISDA Create-IM
due
Start of Jan 2019
API Documentatio
n release
Start of Oct 2018
Execute user
agreements
End of Oct 2018
Official launch of ISDA Create
– V1 release
Jan 2019
Start of on-boarding & integration
Continual evolution of the platform
User feedback and updated releases
Sept-Dec 2018
SSO, phased on-boarding, established customer support
Sept 2018 onwards
ISDA Create - IM
Contact Details
For queries regarding ISDA Create – IM or to arrange a demonstration of the platform please
contact isdalegal@isda.org or isdacreate@isda.org
ISDA Create - IM
1515 Integration Strategy – Driven By Standardisation
Legacy AgreementsBackloading Agreements via digitisation can establish an
agreement record, be used as validation against firms internal
agreement representation, or be used for dispute resolution when reconciling with counterparties
New AgreementsConsolidated from Negotiation
Service Providers and made available to interested parties
through the Standard Agreement API. Agreement Manager
provides standard adaptors to Service Providers
Single APIA single standard API streamlines the integration effort for firms to
set up new Agreements and establish a golden record for
legacy Agreements. Notifications are available to all
interested parties of an Agreement
Margin Xchange
ISDA Create
Bank Specific Portal
AcadiaSoft Agreement
Data Manager
Standard Agreement API
Party B
Party A
Custodian 1
Custodian 2
MarginSphere Agreements
Digitisation Solutions
Digitisation Solutions
Digitisation Providers
Service Providers
Panel Discussion #4Market Infrastructure in 2020: Vision, Principles & Definition
Mark Demo
Natalie Clareburt
Nathan Ondyak
John Pucciarelli
Maurice Tamman
Chris Walsh
Directory Industry & Marketing, AcadiaSoft, Moderator
Executive Director in the Strategic Market Infrastructure Group, JP Morgan
Global Head of SwapAgent, LCH
Director Market Infrastructure & Technology ISDA Industry Leader, Regulatory Margin Initiatives, Fundraiser, ISDA
Managing Director, Goldman Sachs
CEO, AcadiaSoft
Thank you for attending
We look forward to welcoming you to our next event
www.acadiasoft.com