Global Counterparties and Contracts
The key to coordinating core customer, counterparty and contractual information for all enterprise-wide applications is effective management of all global counterparties and associated contracts. This consolidation yields a hierarchical and detailed view of all counterparty information, enabling organizations to enforce standard definitions of counterparties.
Centralized Repository
At the heart of every CreditRisk software, there is a central “library” that supports all capability and accurately represents counterparty legal structures and commitments, including parent-child relationships, master agreements, master netting agreements, and other relationship structures. A consolidated repository of counterparty relationships can be leveraged to manage credit exposure.
In addition, the Counterparty Management module can be used to capture and track a variety of legal documents including various MPSAs (EEI, NAESB, GISB, ISDA), general terms and conditions, and confirmations.
CreditRisk softwares are focused on enabling corporations to achieve maximum efficiency. With Counterparty Management functionality, a single screen—as depicted in this screen shot–can provide numerous key pieces of information and immediate access to critical functionality:
Summary and status recap, including aliases to other systems
Composite view of data retrieved from multiple disparate systems
Depiction of all parent-child relationships
Drill down access to associated details stored elsewhere in repository
Current address, contact, and bank information to accelerate additional data gathering needs
Correspondence tracking and management
Configurable counterparty review workflow