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Client: Global Investment Bank

Project Objective

To provide our client with increased capacity to negotiate a range of derivatives and securities financing documentation, including French and German language master agreements.

How We Helped

We deployed a wide range of resource capability, involving senior, mid-level and junior resource with a range of experience including French and German legal experience. This solved a number of resource and skills gaps for the client whilst also improving response and time-to-execution performance. In addition, we reviewed the processes followed by the client and created a more streamlined operating model.

Results

In addition to solving capacity issues, our team has focused largely on managing BAU documentation, enabling the client’s in-house team to focus on key regulatory change projects, such as non-cleared margin and MiFID II. The resulting in-house capacity increase also allowed the client to transform its response and execution times. We are now a trusted global partner and manage the majority of the client’s worldwide derivatives documentation.

Impact

DRS delivered its services at a lower cost per document than the client’s own offshore processing centre, resulting in savings of 36% whilst increasing documentation flow by 97% year-on-year.

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