USE CASE - DEALER BANKS
Dealer banks
A desk lead asks whether this desk is licensed to use this index, and gets a yes or no in seconds, with the source clause attached.
THE PAIN
The estate is too large for one head to hold
A senior professional on a markets or data licensing desk, often a lawyer by training, is responsible for a slice of the vendor book: in one real case, 23 of roughly 80 vendors. Their day is interrupted by questions they are expected to answer from memory: Is this desk license to use this index, what does the fee schedule say now, does the cap still apply? The answer sits across a master agreement, dozens of order schedules, and dozens of amendments, some of which are suspected missing. The estate is simply too large to hold in one head, and nobody before them held it either.
What they fear is being wrong in writing: a regulator, an auditor, or their own management asks for the contractual basis of a position, and they cannot evidence it.
Can your desk answer what a vendor contract says today?
Three yes or no questions. About 30 seconds.
Question one of three
Is the current position on a vendor or data licence spread across a master agreement, its order schedules, and years of amendments?
Question two of three
Do you suspect some order schedules or amendments are missing from the file?
Question three of three
If someone asked whether your desk is licensed to use a specific index or dataset, would it take more than an hour to answer with the source clause?
Your results
If you answered yes to any of these questions, book a call with Consolidocs today.
Book a callTHE PREVENTION
Open with CD Truth, scale into CD Ask
CD Truth resolves precedents across the master, it schedules, and every amendment. CD Ask gives the desk a fast answer, in seconds, with the source clause attached. As the license or vendor management team expands the relationship, CD Performance reconciles what is invoiced against what the contract says across the whole book, and CD Compliance evidences the regulatory position rather than leaving it believed.
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 BANK
Everyone who touches the vendor book gets something
The desk lead gets fast, accurate answers on their slice of the book. License and vendor management get what is invoiced reconciled against what the contracts say. Compliance and third-party risk get the regulatory position evidenced, not believed. Procurement gets a supplier onboarding process that clears before anything is invoiced.
HOW IT LANDS
A CD Blueprint engagement is a small trial that proves Consolidocs works inside your specific environment: your own documents, consolidated correctly, within days, for one desk.
COMMON QUESTIONS
Answers directly
How do I know if a fee cap in a market data or index licence has expired?
Read the master agreement with every order schedule and amendment, in order of precedence. By hand that takes days, and gaps get missed. CD Truth consolidates the whole chain into one current database. At a global systemically important bank (G-SIB), it surfaced in week one a fee cap that had lapsed nine years earlier.
How can a desk check whether it is licensed to use an index or data feed?
With CD Ask, the desk asks and gets a yes or no in seconds, with the source clause attached. The answer comes from the consolidated database, so it reflects the latest amendment, not someone’s memory.
How do we reconcile market data invoices against our licence terms?
CD Performance compares what each vendor bills against what the current contract allows, across the whole vendor book, and flags the gap when it appears rather than at renewal.