23 February 2018
visit www.nextgenbanking.co.uk/

ISDA selects Beachfire for online negotiation

28 August 2001  |  2613 views  |  0 ISDA selects Beachfire for online negotiation

The International Swaps and Derivatives Association (ISDA) has chosen technology from Boston-based Beachfire for the negotiation of ISDA master agreements by member banks and institutions worldwide.

Beachfire's Collaborative Agreement Builder software offers a secure Webspace where virtual teams can manage all of their negotiations, discuss terms and conditions online, edit contracts, and finalise agreements with their business partners. The application also tracks the participants, discussions, edits and approvals, preserving a comprehensive audit trail of the negotiation and providing an archive of closed deals.

Robert Pickel, executive director and CEO of ISDA, says: "ISDA has selected Beachfire to become what we anticipate will be the global technology standard for the online negotiation of derivatives master agreements."

He says the solution will enable ISDA members to dramatically improve the way they put in place master agreements by "reducing risk, shortening negotiation time, increasing efficiency, reducing errors, and supporting the complex human give-and-take of the negotiation process."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11114 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10139 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8001 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7642 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7412 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job