A leading European bank (‘the client’) needed to extract key terms from Netting Summary documents, across 60+ jurisdictions. Many banks struggle to understand whether they are entitled to net trades in the derivative market. This forces institutions to make expensive decisions in terms of RWA. Providing systematic netting data to a wide range of stakeholders is a widespread problem, and one which the client was faced with.
We built a “Golden Source” of netting data, which mapped these summaries to the underlying master agreement and generated reports on netting applicability, covering the below scope and delivering the below outcomes:
jurisdictions linked to
1,000+ ISDA Agreements
data points collected