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.
Do you know your terms with every prime broker today?
Three yes or no questions. About 30 seconds.
Question one of three
Do you rely on the prime broker's account, such as its daily file, to know what your own agreement says?
Question two of three
If the person who knows which prime broker gave you the best terms left tomorrow, would that knowledge leave with them?
Question three of three
Could a clause your firm has already rejected be agreed again because nobody remembered?
Your results
If you answered yes to any of these questions, book a call with Consolidocs today.
Book a callTHE 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.
COMMON QUESTIONS
Answers directly
How do we compare prime brokerage, ISDA and CSA terms across all our brokers?
CD Playbook lines up the same clause across every counterparty and shows where the wording differs. Your team rates each variance, and those ratings become your own playbook, so the weakest terms stand out and new drafts are screened before signature.
Which prime broker gives us the weakest terms?
Most funds cannot answer without a manual review, because the knowledge sits with a few people. CD Playbook ranks the outliers across your own agreements, so the answer comes from the documents. Consolidocs identifies the differences, and your team judges them.
How can a fund hold its own record of what it signed with each broker?
CD Truth consolidates every agreement, schedule and side letter into your own current database, so you no longer rely on the broker’s account of your agreement. Missing versions are surfaced in the same pass.
How does a fund keep track of its market data licences?
The same way a bank desk does. CD Truth consolidates each vendor licence and its amendments, and CD Ask tells your team in seconds what data you are licensed to use, and on what terms.
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.