Compliance Hub's ISDA Confirmation Module offers institutional investors electronic tools to manage the internal review, approval and distribution of confirmations with broker-dealer counterparts. Institutional investors automate internal, paper-intensive review processes and simplify the numerous communications with counterparties on outstanding, disputed or executed swaps confirmations—all without altering existing business processes.
Outstanding confirmations translate into a growing risk for investors and counterparties alike. The vision of STP promises to minimize the risks associated with swaps transactions. The reality in today's marketplace, however, shows up to 70% of confirmation volume is still processed via paper or fax. Compliance Hub's ISDA confirmations service offers institutional investors a quick, cost-effective solution to address their operational risk while streamlining current paper-based processes.
Features available in this module include:
- Fully Automated Approval Process — Multi-tier approval process available so your existing workflow remains intact.
- Confirmations via Electronic Signature
- Broad Product Coverage — Interest rate, currency, commodity, credit & equity.
- Comprehensive Distribution List
- Support for Block-Trade Allocations
- External Viewer Available to Broker-Dealer Counterparties — Dedicated webpage for your counterparties to view outstanding confirmations, revision requests, and signed confirmations.
Getting started is simple. No software installation or development resources are required to start using the ISDA Confirmations Module. Communicator provides secure web access to your organization—and a web-based viewer for your counterparties. All you have to do is notify your counterparties that Communicator is managing your paper-based confirmations. Communicator accepts fax or email confirmations from your counterparties so there is no impact to them by your choice of service providers. It is that simple.
Click here to go to the Compliance Hub website for more information on how the Compliance Hub certification service works and to download brochures and forms...