CreateiQ, ISDA and S&P Global Market Intelligence Collaborate to Launch Integration to Streamline End-to-End Negotiation of Derivatives Documentation

Linklaters | CreateiQ, the International Swaps and Derivatives Association, Inc. (ISDA) and S&P Global Market Intelligence have unveiled an integration aimed at revolutionising the negotiation and management of derivatives contracts.

This integration links ISDA Create and S&P Global Market Intelligence’s Counterparty Manager service, presenting a one-stop platform for end-to-end negotiation of complex derivatives contracts. The Counterparty Manager service facilitates the seamless exchange of information during the initiation of a trading relationship, and encompasses ISDA Amend, an online tool empowering market participants to modify multiple ISDA Master Agreements and share regulatory representations with counterparties. With this integration, firms can now utilise ISDA Create’s functionality to draft, negotiate, and execute ISDA Master Agreements and other significant derivatives documents directly within Counterparty Manager, which will enable institutions to conveniently access all contractual data in a digital format, from a single, centralised location.

This initiative follows a successful trial phase involving select banks and asset managers, where ISDA Create via Counterparty Manager was leveraged to amend ISDA documentation. ISDA Create, a module of CreateiQ, a contract negotiation platform developed by Linklaters, is now seamlessly integrated with Counterparty Manager, encompassing all modules on the CreateiQ platform, which also include various capital markets contracts.

Lindsay Gurbacki, Vice President, EMEA Regulatory Reporting and Derivative Compliance Manager at AllianceBernstein, stated:

“We’re excited about the potential of this tool and where it will take the industry. In today’s digital age, it was only a matter of time before trade documentation became part of that. The partnership of these three organizations is bound to produce a deliberate, strategic and well-executed platform."

Katherine Tew Darras, ISDA’s General Counsel, said:

“This integration will enable users to quickly access a digital record of their contractual and relationship data in a single place, creating significant operational efficiencies for firms, as well as reducing risk. We’re delighted to take this next important step on the journey to automated derivatives markets."

Shilpa Bhandarkar, CEO at CreateiQ, voiced her excitement about the integration, saying:

“We are excited to announce this launch. It is the result of months of challenging work between ISDA, Linklaters, and S&P Global Market Intelligence to deliver something that our clients truly want. Since we started CreateiQ, we put interoperability with other systems at the core of our offering, but now we can go one step further – delivering with S&P Global Market Intelligence an end-to-end solution for capital markets contracting.”

Lansing Gatrell, Manager Director of Platforms & Regulatory Compliance at S&P Global Market Intelligence, commented:

"This is an important step in our goal of driving total efficiency and reducing systemic risk across the capital markets industry. We are building a complete ecosystem leveraging tools like CreateiQ to help our clients with their contracting needs, and we will continue to enhance our offering to solve the market’s biggest challenges."

For more information about this collaboration and other innovative solutions from S&P Global Market Intelligence and ISDA Create, please take a look at ISDA Create.