Complimentary Roundtable Discussion
In a Webinar, a panel of leading experts will discuss the new documentation requirements of central clearing and explore how financial institutions are changing documentation management to reduce this bottleneck and to avoid increased legal costs and operational risk.
Compared to the typical environment for bilaterally traded OTC derivatives, central clearing adds complexity through the inclusion of multiple parties and thus the need to manage different sets of legal contracts. In this new market environment, if documentation management is not streamlined, financial institutions will face increased legal costs and operational risks. To best cope with this processing burden, financial institutions will need to automate documentation management processes to manage both the increasing volume and use of a wider range of legal contracts required to support central clearing of OTC derivatives and other future industry changes including new regulation.
In a virtual roundtable discussion, a panel will offer advice for what financial institutions should review in the legal documents and how to most efficiently manage documentation to reduce operational risk and related costs.
The panel will discuss the following topics:
• How will central clearing impact documentation between end clients and clearing members?
• How will documentation be adjusted in the event of a trade termination?
• How will the clearinghouse rules influence documentations? What are the possible discrepancies or differences financial institutions look out for?
• Regulatory reform in US and Europe is currently in progress. Will the regulators likely prescribe what the agreements must contain for central clearing? How can financial institutions manage potential discrepancies between regional regulations?
• How can financial institutions improve the processing of documentation to manage a growing volume of documents, use of increasingly complicated financial products whilst also reducing operational risk and cost?
A Q&A session with the audience and panel speakers will be held after the roundtable discussion to allow for interaction between the panel and attendees.
Speakers to be announced shortly.
