Zug, Feb 22, 2021: Credit Suisse went live with Framesoft Contract Repository (FCR) for its global contract management.
FCR is replacing multiple legacy systems at Credit Suisse and has become 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.
FCR is used globally by a large number of users from different departments involved in the request or management of a master agreement.
FCR manages the complete master agreement life cycle from the request for an agreement, annex or amendment until its termination and provides the following functionalities:
- Support of client onboarding process via agreement request workflow
- Non-Standard Term (NST) handling and its integration with the agreement request workflow
- Legal Opinion Sourcing workflow
- Extended amendment handling
- Provision of daily netting & non-netting information
- Interface to document management and central counterparty system
A further extension of FCR regarding agreement generation and negotiation is envisaged.
