London, 27 January 2005: The derivatives brokerage subsidiary of one of the world's largest food conglomerates has licensed both the Framesoft Contract Repository (FCR) Framesoft Contract Repository (FCR) and the Framesoft Confirmations Generator (FCG). Both products will form part of a state of the art technology platform allowing the derivatives broker to offer its clients access to OTC derivatives markets.
FCR will manage Master trading agreements and legal opinions for OTC derivatives, repo and securities lending allowing the derivatives broker to minimise credit risk and maximise effective use of credit lines through netting and access to collateral provisions.
FCG will be linked to the message bus of the derivatives broker to receive trade data, check Master Agreement properties from FCR and generate appropriate confirmation contracts for approval, issue and tracking via its customisable workflows.