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IHS Markit leverages document digitisation to meet requirements for uncleared margin rules

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IHS Markit is partnering with OpenText, a specialist in Enterprise Information Management (EIM) to allow Counterparty Manager users to use OpenText’s Perceptiv Contract Analysis to automatically digitise and extract key terms from documentation.

Tighter integration of IHS Markit and OpenText solutions will help customers address operational challenges around managing unstructured trading documentation, including Credit Support Annexes (CSAs) and ISDA master trading agreements. The combined solution utilises a sophisticated data model to digitise, organise, and extract data for review, as well as analysis to help address compliance requirements for Uncleared Margin Rules – avoiding the laborious and error-prone process of manually deciphering and keying contractual data points.
 
“Working with IHS Markit allows us to provide global financial firms an even more compelling solution for large-scale contract analysis,” says Gary Weiss, general manager, Discovery at OpenText. “We look forward to further strengthening our business relationship, especially during this time when customers are actively seeking solutions to help meet increasingly time-sensitive regulatory demands.”
 
“At IHS Markit, we are committed to offering our customers a streamlined service to digitise contractual terms more effectively and meet regulatory obligations,” says Darren Thomas (pictured), managing director and head of Counterparty Manager at IHS Markit. “Together with OpenText, we are solving the operational challenge of taking unstructured legacy documents and converting them into structured, machine-readable files. This allows our customers to analyze, negotiate, and track documentation digitally, as well as feed the underlying contract terms to downstream systems.”

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