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Scrittura Overview Brochure: Interwoven's Capital Markets

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Scrittura Overview Brochure: Interwoven's Capital Markets Scrittura Overview Brochure Interwoven’s Capital Markets Solutions Innovative Solutions for This volatility is exacerbated by the efficient pre- and post-trade activity, Regulatory Compliance and disparate transaction processing through instant document generation, Securities Operations environments that exist in the majority integrated document management, of financial organizations. An industry- automated workflow routing, full audit Interwoven’s Scrittura is recognized wide vulnerability of poor back office trails, and real-time reporting capabilities— as the market leader in automation of infrastructure has resulted in severe bringing certainty to trade processes and documentation, processes and counterparty trade backlogs, transactional errors, and helping financial institutions stay ahead of messaging for middle- and back-office manual processes for trade negotiation, the regulatory curve. operations in the financial securities confirmation and settlement. Given and capital markets. Scrittura’s suite of the recent regulatory attention these The Scrittura Solution Suite is comprised of innovative solutions enables financial issues have prompted, it is clear that the the following solutions that can be installed institutions to adapt to the increasingly automation of trade documentation is independently or operate seamlessly complex workflow needs of middle- and critical—if the financial services industry is together: back-office processing of non-exchange- to mitigate the significant operational risk Scrittura SellSide Solution based trades. Built to automate and manage created by this vulnerability and successfully the full lifecycle of trade documentation reach the industry’s goal of moving towards Scrittura SellSide automates, validates and operations, Scrittura solutions enable T+0 straight through processing (STP). and simplifies the confirmation and capital markets operations professionals documentation processes for OTC to easily manage increasing volumes of Solutions for compliance, audit and derivatives and structured products. multiple transaction types—streamlining control, and regulatory reporting Scrittura’s flagship solution, SellSide compliance while reducing costs and Interwoven draws on its market leadership greatly reduces trade backlogs, while mitigating operational risk. and expertise in Collaborative Document simultaneously increasing trade confirmations accuracy through Today, Scrittura solutions are the trusted Management, automated document sophisticated functionality that: choice of more than 30 of the world’s tracking, archival and retrieval, and high- largest dealers and investment managers, volume records management, to offer a n Expedites post-trade processing through who rely on Scrittura products to transact powerful suite of solutions to the financial customizable templates and automated billions of dollars in derivatives every day. services customer to automate and document configuration, enabling finan- streamline the entire problem set around A competitive marketplace with cial institutions to support both vanilla compliance management, real-time audit and complex structured trades increasing risks and regulatory and controls, and regulatory reporting and standards records. n Resolves trade-processing errors by auto- mating manual processes such as routing The financial services industry continues Interwoven’s Scrittura suite confirmations, advises and schedules to experience tremendous change and of solutions makes the critical for drafting and approval; trade match- turbulence while moving at a breakneck difference ing, consolidation and analysis reduce pace. The explosive growth in derivatives outstanding confirmations volumes, an increased regulatory spotlight, Interwoven’s Scrittura suite of configurable and the accelerated convergence of and cost-effective solutions meets specific n Ensures compliance by enabling on- exchange-traded and OTC markets combine workflow, communication, and document demand reporting of outstanding trades; to create ever-expanding risks for financial automation needs for structured financial dealers can dispatch reports based on institutions. products. Each Scrittura solution enables “The original goal of the Scrittura project was to solve our most pressing documentation automation needs. Given our satisfaction and confidence with this product, we are pleased to exercise our option to license Scrittura for other trading areas.” — David Frankel, Sr. Vice President, AIG trade type, counter-party and age; push notifications alert traders of impending Affiliations trade execution or outstanding, uncon- The Interwoven Scrittura Solution Suite is supported by strong affiliations with firmed transactions industry-leading associations, to ensure market compliance as well as strategic alliances to deliver best-in-class, end-to-end solution implementations. Scrittura P2P™ Solution Technology Integration Scrittura P2P™ is the industry’s first and only solution that automates the post-trade Scrittura is fully-integrated with DTCC Seriv/SERV confirmation process for OTC derivatives Trade Information Warehouse directly between financial parties—without the intermediation of a third-party broker. Industry Associations The solution enables financial institutions to: n Achieve fast, accurate, direct STP be- tween any and all parties via a real-time peer-to-peer infrastructure that elimi- nates the risks, constraints, inadequacies Strategic Alliances and delays associated with brokered messaging n Significantly reduce trade backlogs through a rich, universal message struc- ture that allows bilateral messages to be n n unique for each set of counter-parties and Resolving trade discrepancies through Speed up trading agreement assembly easily updated as requirements evolve auditable trade annotations, precision via client-ready contracts from an ex- queries on unmatched trades, and bar- tensible template library, minimizing the n Automate trade operations through an codes that automatically match returned potential for errors or stalls along actionable workflow with matching and documents against existing trades the way reconciliation capabilities to identify mes- n n sage types and dynamically route mes- Minimizing operational risk by inte- Control the negotiation process in a truly sages based on pre-defined rules, greatly grating front and back office systems; iterative and collaborative environment reducing confirmation processing times Scrittura allows users to send messages through an automated workflow, ulti- to ICE for trade submission, cancellation mately eliminating backlogs of unsigned Scrittura Commodities Solution and disputes, and automatically routes agreements trades to an automated eConfirm work- n Scrittura Commodities automates the flow, based on counter-party and product Improve decision making for all partici- communication and confirmation process group criteria pants and ensure compliance oversight for both energy and broader commodity with powerful sequence control, security, trades. This comprehensive solution is Scrittura Master Agreement audit, and reporting mechanisms designed to bring total efficiency to trade Solution confirmations by: Scrittura BuySide Solution Scrittura Master Agreement automates and Scrittura BuySide is among the most n Eliminating costly manual errors through validates the lifecycle of legal agreements automation and customization; traders for trading by actively and accountably cost-effective confirmations solutions in create and edit negotiated documents engaging all transacting parties within the market, tailored to the specific needs for natural gas and electricity in familiar a secure, controlled, and coordinated of asset- and portfolio-managers on the word processing environments without environment. The solution streamlines buy-side. It automates and validates the formatting difficulties or loss of docu- the master agreement process for OTC incoming confirmation process for OTC ment control derivatives trading, empowering dealers to: derivative instruments to: “There are many potential economies to be maximized in the derivatives documentation process. Scrittura fits in with our bank-wide strategy to increase efficiency by leveraging modern intranet technologies.” — Luzia Nicosia, Commerzbank’s VP of Interest Derivatives Operations n Reduce trade processing times through an automated workflow that routes INCREASE: incoming confirmations, reviews legal Accuracy and process integrity terms, approves and stamps electronic Accountability and security signatures and dispatches replies to Transaction capacity Compliance with regulatory requirements counter-parties, pinpointing erroneous or Integration with existing systems incomplete data Instant document n Increase regulatory compliance by generation and Automated workflow Full audit trails and tracking all inbound documentation; integrated document routing real-time reporting at any approved user’s command, any management trade variable can be viewed, edited and DECREASE: downloaded; a full audit trail allows users Operational risks to locate documents in the workflow Transaction volume sensitivity process at any given time Processing errors Trading delays/backlogs n Improve operational efficiencies through Back-office operational costs real-time reporting that alerts for trade execution dates, as well as outstand- ing and unconfirmed trades; track these n Scrittura Matcher is a comprehensive trades by type, counter-party and/or age. complete lifecycle management of
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