Secure Document Exchange/Audit

The technology for hosting this solution is straight-forward. The sales cycle may be complex. The customers likely would not like ads, so a recurring fee of unknown amount would be charged.

Markit Document Exchange (MDE) is an online repository for institutional investors and other financial institutions to exchange documentation efficiently in a secure environment. Participants upload their documents and agreements then grant explicit permission as required for their counterparties to access them.

MDE’s centralised online environment decreases the reliance on email and paper based interaction. The platform stores over 90 document types that are organised into 18 categories. Audit functions allow firms to verify the source and destination of documents on the system.

Since counterparty documentation and agreements are part of every stage of a trading relationship, MDE is the ideal tool for front, middle and back office documentation processes.

MDE is the industry utility of choice for an established and growing community of broker/dealer institutions, institutional investors and various industry third parties.
Features and Benefits

Sell-Side (document collection):

* Cost savings through standardised, automated document collection.
* Delivers documentation to all internal departments from one source.
* Streamlined client on-boarding, standardised across all departments.

Buy-Side (document dissemination):

* Cost savings through streamlined, single-point tool for document dissemination.
* System for storing, organising and searching documentation.
* Compressed time frame to initiate new trading relationships.
* Reduces repetition of in-bound requests from banks or broker/dealers.