Author: Jack Smurthwaite
The future of legal services in finance: flexible, scalable, digital
Financial services legal teams are standing at the dawn of a new era, one defined by on-demand talent networks, elastic capacity, and data-driven automation that together transform legal from a static cost centre into a flexible, scalable, digital powerhouse. Leading ALSPs like DRS have matured into strategic partners, embedding AI-driven contract analytics, robotic process automation […]
Transaction Exposure
At a high level, under the GMRA, if one party has “Transaction Exposure” to its counterparty, the counterparty must make a “Margin Transfer” to the party with “Transaction Exposure” in order to extinguish that “Transaction Exposure”. Conceptually, “Transaction Exposure” is best understood by asking the question “In relation to a particular Repurchase Transaction, if we […]