ISDA survey highlights need for greater efficiency and automation in document negotiation

Article summary

The International Swaps and Derivatives Association (ISDA) has published a survey on document negotiation which reveals that the average time taken to negotiate key derivatives documents has not improved since 2006. While some firms use digital automation tools, the survey highlights that many still rely on manual processes for data capture and documentation. ISDA urges firms to realise efficiencies and savings by embracing digital platforms like ISDA Create which can reduce negotiation times, capture contractual data and free up resources.