Zug, Feb 22, 2021: Framesoft supported the successful MARNA-G go-live at Credit Suisse, which is now part of UBS Group.
MARNA-G, based on Framesoft Contract Repository (FCR), was implemented for global contract management.
FCR replaced multiple legacy systems and became the central platform for master agreement request workflows and lifecycle management of master agreements, annexes and amendments.
Existing agreements, annexes and amendments were successfully migrated to the new FCR system.
At the time of the go-live, FCR was used globally by a large number of users from different departments involved in the request and management of master agreements.
FCR supported the complete master agreement lifecycle from the request for an agreement, annex or amendment until its termination and provided the following functionalities:
- Support of the client onboarding process via agreement request workflow
- Non-Standard Term (NST) handling and integration with the agreement request workflow
- Legal Opinion Sourcing workflow
- Extended amendment handling
- Provision of daily netting and non-netting information
- Interface to document management and central counterparty systems
A further extension of FCR regarding agreement generation and negotiation was envisaged at the time.