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ISDA Negotiation demo

Compares a dealer's ISDA Schedule and CSA to your playbook and drafts the redline for legal 1:34

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What the demo shows

Compares a dealer's ISDA Schedule and CSA to your playbook and drafts the redline for legal

Each negotiated term is a horizontal scale from the fund's preferred position to walk away, with the dealer's ask, the proposed counter and the dealer's own precedent marked; off-playbook terms sort to the top. Beside it, the lawyer works in a conversation with seven agents: the Intake agent matches the draft, the Reader agent extracts every term with its page in the original language, the Playbook agent places and routes each term, the Precedent agent finds what this dealer accepted for another fund, the Drafter agent writes the counter and redline, the Checker agent re-reads it blind and the Booking agent keeps signed terms in step with the collateral system. The lawyer accepts, edits or concedes with a reason code; credit risk approves thresholds, treasury approves collateral, the deputy general counsel approves exceptions and releases the turn.

Transcript

  1. ISDA Negotiation checks a dealer's ISDA and CSA against your playbook and drafts the redline.
  2. 775 firms need margin documents.
  3. Negotiation is no faster than in 2006.
  4. Thornberry sent 85 pages for our global macro fund.
  5. In six minutes, agents read 23 terms.
  6. Seven are off the playbook.
  7. Thornberry wants a 20% NAV trigger.
  8. Walkaway is 30. The precedent agent finds Thornberry gave another Quillfield fund 30%.
  9. The checker caught a definition the drafter missed, and it is fixed.
  10. Claire accepts with a reason.
  11. Concessions need a second name.
  12. Credit risk approves each threshold with the evidence beside it.
  13. the deputy general counsel releases once every owner has signed every clause cited every decision signed every step logged redline ready the
  14. same day not in five days anchored on what the dealer accepted built on Botminds agents data screens and governance on one platform

Transcribed from the film’s narration. Captions are on the player.