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Client: Global Investment Bank

Project Objective

DRS supported a global investment bank in meeting the challenge of amending a large portfolio of ISDA documentation to comply with EMIR Portfolio Reconciliation & Transaction Reporting requirements.

How We Helped

The team reviewed the existing documentation, and after seeking approval from stakeholders, produced and issued draft documentation to clients. The negotiations were then managed, with escalation to appropriate stakeholders of any amendments requested by clients which fell outside of current policies and guidelines. Signed copies of the documentation were then procured and closing forms were completed and submitted.

Results

By tailoring the composition of our team to align with the project deliverables, DRS provided an effective (and cost effective) solution for the client that assisted them in meeting a significant regulatory milestone.

Impact

DRS’s resources enabled our client to meet a vital regulatory deadline without impacting in house activity. Enhanced MI gave the client complete confidence that the project was being delivered on time and on budget. Our participation throughout the process ensured a seamless post-deadline transition.

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