Collecting, accessing and maintaining counterparty data - such as Qualified Insitutional Buyer (QIB) and NASD 2790 letters - is essential for sell-side firms to comply with today’s volume of regulations, such as Know-Your-Counterparty (KYC), Patriot Act and other compliance-related initiatives.

Market participants know that the collection of this material is a critical, 'necessary evil' for compliance reasons, but it's typically inefficient and expensive to obtain reliable, consistent and secure counterparty data. And the inefficiencies and costs don't stop with the collection process -- simply finding and managing the plethora of documents is difficult and adds up to millions in lost productivity and time.

Communicator's Counterparty and Compliance Solutions
With Communicator's secure, web-based solution, compliance document collection and management is streamlined and automated. And since manual, internal duplicative efforts are virtually eliminated, it's cost-effective as well.

For example, firms no longer have to telephone, email, fax or file each new account or renewal. Our solution provides complete transparency between permissioned counterparties, including a web-based repository to provide updates and renewal information.

By collecting institutional investors’ credentials on behalf of broker-dealers, Communicator’s ensures that our clients' counterparty documentation is as accurate - and widely available - as possible.