Euroclear is delighted to announce the first phase of improvements to our collateral contract and collateral schedule management services are now live.
We are committed to providing the very best client experience for your end-to-end contract management processes and have identified ways they could be improved. This includes streamlining the onboarding process, simplifying the legal agreement and the management of collateral schedules.
You can now benefit from improvements in our end-to-end collateral schedule workflows to accelerate the setting up and amendment of collateral schedules.
EasyWay: Improved digital user experience, extra validation rules, optimised signature process and more!
Email: Direct drafting interaction with our contract experts and automated e-mail signature process.
EasyWay template: From a dual signature flow (fast track) to a single one (template).
New enhancements to EasyWay now live
We are delivering significant enhancements to EasyWay, to make it an even more powerful and simple-to-use digital solution, designed to make the management of your triparty collateral schedules fast and efficient.
The first phase of these improvements is now live with EasyWay offering some key features, including:
a single digital interface for drafting, sharing and signing triparty collateral schedules with a dedicated EasyWay drafting support team just a phone call away
enhanced validation checks and a new dashboard giving real-time monitoring control and transparency
bulk signing capacities to save time and reduce costs
Email workflow: an alternative to EasyWay
We will continue to support an email-based, less automated, workflow. While not as fast as EasyWay, we have still optimised the process to be more transparent and efficient. You can now send your requests via email directly to our collateral contract experts for a more streamlined and more efficient experience with regular progress update.
Moving collateral schedules into the fast lane
The improvements to triparty collateral schedules workflows will also replace the use of signed, fixed templates, known as ‘Fast-Track Annexes’ by a more flexible template approach. Under the new approach, a library of templates will be available for deployment and signatures will only be required once, when the collateral schedule is linked to the actual account for implementation, speeding up the process. We are also introducing an email-based signature process to further improve speed and efficiency. With more efficient and faster processes in place for all collateral schedules, the current ‘Fast-Track’ service will be discontinued.
Future developments – commitment to user experience
We are excited that these developments will deliver an industry leading end-to-end client-contract-management experience and we are committed to continuously improving and expanding our service.
There are times when you need to swiftly implement collateral exclusion requests, especially in response to sanctions, internal risk policy adjustment, market events or similar circumstances. Our new same-day bilateral exclusion solution will provide that functionality, making a significant improvement to current workflow.
Longer-term, our objective is to deliver a touchless end-to-end digital solution for collateral contract management by harnessing new technology and through innovation. Our future solution will include state-of-the-art collaborative platforms and will use new technologies like Natural Language Processing (NLP) to ease and automate the translation of your collateral requirements.