USE CASE - HEDGE FUNDS AND ASSET MANAGERS
Hedge funds and asset managers
Your own the record of every prime broker relationship, not the broker's account of it.
THE PAIN
The fund relies on the broker's own account
A senior operations lead in the Chief Operating Officer's office deals with anywhere from 5 prime brokers to all of them, and has lived the problem: the fund relies on the prime broker's account of its own agreement, and the person who knew which broker gave the best terms has left. They want to know their limits with each prime broker today, which versions are not on file, and where the unwind risk sits.
What they fear is the quiet breach: a clause the firm had rejected being approved again because nobody remembered, or an investor discovering that a peer got better terms under a most-favoured-nation provision.
THE PREVENTION
Open with CD Playbook
CD Truth builds the fund's own ground truth. CD Playbook then compares prime brokerage and Internationals Swaps and Derivative Association (ISDA) master agreement terms, including their Credit Support Annexes (CSAs), across every counterparty, with the outliers ranked. CD Ask gives the trading desk fast answers day to day, and CD Match checks confirmations against agreed terms as they land.
The consolidated database. What you actually have, and whether it holds together.
Fast answers from the database for people who need them daily.
ACROSS THE FUND
A number the COO can act on, not a range
The senior operations lead gets the case in hand to take upstairs. The COO or CFO get a return in the first weeks rather than after an implementation. Legal and compliance get ownership of the never-accept list. The trading desk and operations team get fast answers day to day.
HOW IT LANDS
CD Playbook shows the fund's own prime brokerage and ISDA and CSA terms side by side across every counterparty, with the outliers ranked, so the fund holds its own record instead of relying on the broker's account.
