Following consultation with our clients, the aosphere derivatives team has launched Data+, our next-generation enhancement to our netting products: netalytics, SLAnalytics and repoAnalytics.
In line with the increasing trend towards digitalisation in the OTC derivatives, repo and securities lending markets, Data+ provides subscribers with a yes/no netting flag in Excel data format for each specific counterparty type and, where applicable, transaction type covered by the ISDA, ICMA and ISLA opinions.
Head of Derivative Products at aosphere Victoria Wells commented
“aosphere has been leading the way for over 20 years in complex netting analysis. By providing more granular coded counterparty descriptions coupled with a single netting data point and supplying the data in Excel format, we are making our content easier to utilise in clients’ end-to-end processes. We have spent a huge amount of time developing and refining our approach to ensure a consistent analysis across jurisdictions and legal issues. This includes developing a standard taxonomy of ‘Common Codes’ to identify recommended amendments to documentation and issues and restrictions which impact upon the enforceability of netting arrangements. We are thrilled to have the support of ISDA, ICMA and ISLA in bringing these enhancements to their members.”
What does Data+ look like?
The below screenshots are examples of Data+ in use for the netalytics service, and show how the netting analysis is distilled in to a single data point.
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Market leading analysis of netting, collateral taking, pre-trade due diligence, clearing, margin and reporting requirements across the spectrum of derivatives products (whether governed by ISDA documentation, the GMRA/GMSLA, the EFET documentation or other market-standard documentation).
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