SIFMA Partners with AI Platform Ahead of U.S. Treasury Clearing Mandate
SIFMA reported it is launching an AI-powered documentation platform which will help market participants comply with the SEC's new Treasury clearing rules.
According to a news release, SIFMA is partnering with Arteria AI to launch the platform, SIFMA Arteria AI Treasury Clearing Solution. The platform is intended to streamline "onboarding, legal compliance and operational systems integration" as the market prepares for the phased implementation of the SEC's clearing mandate.
SIFMA said the platform can "translat[e] the voluntary standard documentation into a data driven exercise to:
- Assist market participants in leveraging the documentation's built-in optionality to address and accommodate individualized negotiations and terms.
- Streamline and scale negotiations and enable the tracking of terms across stakeholders.
- Operationalize the content to drive client onboarding, record critical client details, and provide a platinum data source for margin management and other systems.
- Optimize legal, accounting, and compliance both with respect to key business terms and enforceability consistent with legal opinions and other guidance being sourced by SIFMA."
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