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Our global digital portal for client agreements – OSTTRA Documentation Centre – is central to prime broker documentation workflows, solving the problems of manual work, fragmentation and delays caused by non-centralised agreements.
Our global digital portal for client agreements – OSTTRA Documentation Centre – is central to prime broker documentation workflows, solving the problems of manual work, fragmentation and delays caused by non-centralised agreements.
OSTTRA Documentation Centre extends the existing capabilities of OSTTRA Designation Notice Manager (DNM) to include 4-party agreements and additional collaboration features, revolutionising document management for prime brokers and non-bank liquidity providers worldwide. It is a comprehensive post-trade agreement workflow solution, empowering clients to create and edit credit-related documentation, exercising full control over its content and disclosure. OSTTRA Documentation Centre allows parties and teams within firms to input into and sign off on agreements efficiently, accelerating the post-trade collaborative documentation maturity curve, which can result in significant cost and time savings.
Collaborate Our Documentation Centre enables legal and risk teams to collaborate on credit documentation, and supports efficient cooperation between non-bank liquidity providers and prime brokers: each party can see authorised counterparties’ comments and tracked changes, speeding up the process by making them more efficient and transparent.
Automate Lite access allows distribution to parties who are not Documentation Centre subscribers, eliminating the need to email documents to those parties: Clients can set up a distribution list mechanism that automatically issues a link with a one-time password, enabling the non-subscriber party to approve, reject or download the copy.
Consolidate Documentation Centre captures common parameters inputted by the clients, facilitating the agreement creation and improving efficiency. Clients can execute mass agreement edits or termination with a bulk action functionality and set up agreement templates for quick agreement creation.
Control A graphical representation makes it clear where the document is in the approval chain, which step is required next and by whom. This can reduce negotiation and amendment timelines, expediting time to market, enabling prime brokers and non-bank liquidity providers to respond swiftly to market events and demonstrate their written agreements with confidence.
Steve French – Head of FX & Securities Product & Strategy
A network for sending and receiving notifications of execution between venues and counterparties for trade booking and onward processing
Real time limit checking, delivering pre and post trade certainty for OTC cleared trading activity
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