ISDA, S&P Integrate Create, Counterparty Manager, Services

ISDA and S&P Market Intelligence have unveiled an integration of ISDA’s Create service and S&P’s Counterparty Manager solution aimed at simplifying client onboarding and contract lifecycle management by allowing the end-to-end negotiation of key derivatives contracts on one platform.

Counterparty Manager allows users to exchange information when opening a trading relationship and includes ISDA Amend, an online tool that enables market participants to modify multiple ISDA Master Agreements and share regulatory representations with counterparties.

ISDA Create is an online solution to help financial institutions draft, negotiate and execute derivatives documents online, including the ISDA Master Agreement, ISDA variation margin documentation and account control agreements for certain custodians.

The firms say the integration means firms can now leverage ISDA Create’s functionality to draft, negotiate and execute ISDA Master Agreements and other key derivatives documents directly within Counterparty Manager – allowing institutions to access the details of all their contractual relationships in a digital form from a single location.

The launch follows a successful trial phase involving select banks and asset managers that leveraged ISDA Create via Counterparty Manager to amend ISDA documentation. ISDA Create is a module of CreateiQ, a contract negotiation platform developed by Linklaters. The integration with Counterparty Manager covers all modules on the CreateiQ platform, incorporating other capital markets contracts.

“We’re excited about the potential of this tool and where it will take the industry,” says Lindsay Gurbacki, EMEA regulatory reporting and derivative compliance manager at AllianceBernstein. “In today’s digital age, it was only a matter of time before trade documentation became part of that. The partnership of these three organisations is bound to produce a deliberate, strategic and well-executed platform.”

Lansing Gatrell, manager director of platforms and regulatory compliance at S&P Global Market Intelligence, adds, “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.”