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The Impact of Technological Innovations on Derivatives Documentation: A Buy-Side Perspective  


Author:  Blake Estes.; Willa Cohen Bruckner.


Source: Volume 35, Number 05, May 2019 , pp.59-66(8)




Review of Banking & Financial Services

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Abstract: 

Smart derivative contracts and blockchain are two new technologies that are designed to improve efficiency and streamline processes supporting derivatives transactions, including documentation processes. The authors discuss these technologies from a buy-side perspective, focusing on a variety of issues, including automatable smart contract terms and data harmonization. They then turn to the impact of the new technologies on buy-side entities, discussing customizability, dispute resolution, and the importance of ascending the learning curve.

Keywords: Smart Derivatives Contracts; Automatable Contract Terms; Blockchain; Data Harmonization; Dispute Resolution with Automated Processes

Affiliations:  1: Alston & Bird LLP; 2: Alston & Bird LLP.

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