SOLUTIONS  /  Repapering & Regulatory Response

Meeting the challenge.

Tick Tock! The regulatory deadlines are looming, the number of contracts requiring remediation or repapering is huge. The task requires more legal expertise, market know-how, collaboration with outside counsel, legal project management, stakeholder reporting and more than you could ever manage in-house. Enter Factor.
“From LIBOR to GDPR to Brexit and Margin Reform, we have helped clients facing massive and complicated regulatory requirements get their contracts into compliance, on time and under budget.”

Keith Blizzard
Regulatory & Derivatives Expert, Factor

Keith Blizzard
Regulatory & Derivatives Expert, Factor

We help clients meet regulatory change deadlines by designing and deploying tech-enabled solutions, overseen by expert project managers to handle:

  • Contract Analysis 
  • Client counterparty outreach
  • Protocol-driven and bilateral negotiations
  • Data transfer of remediated documentation 

 

Working under tight deadlines and regulatory scrutiny leaves no room for error. Having completed 100+ complex contract review and remediation projects over the last decade, Factor has narrowly focused its investments (in technology, tools, methodologies) with the aim of being the best in the world in regulatory response and remediation. 

THE FACTOR
WAY

Turning talk into practice.

When you face a massive and time-sensitive requirement, you no longer have to choose between a labor-intensive, risky DIY approach and a costly, law firm-only solution.  Factor has more experience than anyone in successfully delivering large-scale, complex repapering projects requiring a mix of legal expertise, scalability, technology, and collaboration with law firms.

Collaboration with Magic Circle law firm, Allen & Overy, integrating world-class legal advice and Factor’s industry-leading contract remediation and execution  

Reviewing 50,000+ contracts and handling 130,000+ bilateral client outreaches and negotiations 

Team of 90 supporting 10 business lines and 100+ stakeholders across the bank 

40% cost savings vs. conventional approach for LIBOR transition 

CASE STUDY
LIBOR Solution in collaboration with Allen & Overy for Global Bank

Collaboration with Magic Circle law firm, Allen & Overy, integrating world-class legal advice and Factor’s industry-leading contract remediation and execution  

Reviewing 50,000+ contracts and handling 130,000+ bilateral client outreaches and negotiations 

Team of 90 supporting 10 business lines and 100+ stakeholders across the bank 

40% cost savings vs. conventional approach for LIBOR transition 

Support client in repapering master agreements for approximately 551 unique pairings for 61 counterparties to ensure compliance with global Initial Margin requirements known as Initial Margin Wave 5 (“IM5”)

Such documentation includes creating new and/or amending existing CSAs, CSDs, CTAs, and ACAs as required

A global team of 6 at Factor draft and negotiate agreements, following agreed processes for internal escalations to legal, credit, and other business stakeholders to ensure a timely resolution to each negotiation. 

CASE STUDY
Initial Margin 5 & 6 Solution for Global Bank

Support client in repapering master agreements for approximately 551 unique pairings for 61 counterparties to ensure compliance with global Initial Margin requirements known as Initial Margin Wave 5 (“IM5”)

Such documentation includes creating new and/or amending existing CSAs, CSDs, CTAs, and ACAs as required

A global team of 6 at Factor draft and negotiate agreements, following agreed processes for internal escalations to legal, credit, and other business stakeholders to ensure a timely resolution to each negotiation. 

Managed the migration of bank’s trading, clearing, and transaction banking relationships from the UK to EU entity 

Drafted and negotiated 800 agreements across a team of 19 co-located between Belfast and London

Provided flexible response to political developments and delays, coupled with operational efficiency yielding over £2m in savings vs. panel rates 

CASE STUDY
Brexit Solution for Global Bank

Managed the migration of bank’s trading, clearing, and transaction banking relationships from the UK to EU entity 

Drafted and negotiated 800 agreements across a team of 19 co-located between Belfast and London

Provided flexible response to political developments and delays, coupled with operational efficiency yielding over £2m in savings vs. panel rates 

Flexible team of 25-100 people managing multiple concurrent regulatory outreach projects

Managed 11 such projects over a 2-year period, spanning the gap between bank operations and legal functions

Support client in expanding operations sustainably, while driving major cost savings and maintaining very high standards of counterparty and internal stakeholder experience

Evolving team that has been in continuous service to the client for nearly a decade

CASE STUDY
Client outreach and negotiation utility for Global Bank

Flexible team of 25-100 people managing multiple concurrent regulatory outreach projects

Managed 11 such projects over a 2-year period, spanning the gap between bank operations and legal functions

Support client in expanding operations sustainably, while driving major cost savings and maintaining very high standards of counterparty and internal stakeholder experience

Evolving team that has been in continuous service to the client for nearly a decade

Reviewed over 4,000 agreements across multiple product lines

Provided structured contract data enabling accelerated outreach

Created negotiation playbook in preparation for outreach and negotiation

CASE STUDY
LIBOR Solution for Large US Bank

Reviewed over 4,000 agreements across multiple product lines

Provided structured contract data enabling accelerated outreach

Created negotiation playbook in preparation for outreach and negotiation

Amended 20,000 client contracts to ensure compliance with new GDPR requirements

Handled all counterparty outreach and negotiations for 11,000+ client counterparties and supported negotiations for 8,000+ client-driven outreaches 

Factor team consisted of 50+ senior commercial lawyers based in Chicago and London and supported 48 business units.  

CASE STUDY
GDPR Compliance for Global Insurance Company

Amended 20,000 client contracts to ensure compliance with new GDPR requirements

Handled all counterparty outreach and negotiations for 11,000+ client counterparties and supported negotiations for 8,000+ client-driven outreaches 

Factor team consisted of 50+ senior commercial lawyers based in Chicago and London and supported 48 business units.  

Get the best of both worlds.

Learn how Factor can help.