The collateral industry has undergone a sea-change since 2016; the advent of uncleared margin reform has materially increased the volume and complexity of contracts that market participants must handle, coupled with such a challenging operating environment, regulators now placing more scrutiny on the ability of institutions to respond quickly and robustly to risk events.
A leading European investment bank was looking to transform its collateral contract data operations, focusing on:
Likezero’s techniques are specifically designed to streamline contract data operations, allowing firms to swiftly access contextualised contractual insights and invaluable information for making critical risk decisions and building strong trading relationships.
We delivered a successful proof of value, demonstrating the software’s ability to handle document complexities and identify data gaps. This accomplishment led our client to choose Likezero for a full scale digitisation of their 9,000 Collateral Agreements (23,000 documents), and to integrate our software into their regular business processes.
We built a digital clause library that significantly expands the bank’s data capabilities and fully streamlines the processing of new documents – there is no other software on the market that can achieve this for a bank. The banks teams are now able to concentrate on high-value, strategic activities that drive growth and success.
more data captured
data artefacts collected across
9,000 CSAs for an investment bank
unique clauses in
Legacy and Regulatory CSAs, Initial Margin Agreements, Security Agreements, Account Control Agreements
Including New York, English, French and German documents covered