Regional Bank
With over 1,000 masters agreements in place between themselves and their counterparties, the bank was looking for a solution where all agreements, and the key provisions within those agreements, could be tracked, stored and easily reported on. Critical to the client was ease of use and a consistent approach to each contract type. For the higher volume agreements (ISDA Master Agreements and CSAs) the Liberty implementation extracts over 100 data points from each contract, and is more than 98% accurate, meaning that quality control is not time-consuming for the team.
The platform is able to track contractual changes through each and every amendment, and along with the ability to report on over 100 fields across the entire population at the click of a button means that both projects and regular audit activities are less time consuming and far less costly for the bank.
