IHS Markit Launches Outreach360 for Mifid II Outreach and Repapering
The new platform will be available via the firm’s Counterparty Manager platform to address the need for documentation management.
Darren Thomas, managing director and head of IHS Markit’s Counterparty Manager business, tells WatersTechnology that the solution is one of the few on the market to take care of the often overlooked by all important repapering mandate.
“The estimate from the top 15 banks is that there are between 11,000 and 40,000 counterparties they have to reach out to and collect data from and also repaper terms of business with these clients,” he says. “It requires a significant resource investment unless
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