| Markit Document Exchange (MDE) is a central online platform for counterparties to exchange documentation securely and efficiently. |
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| Product summary: |
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Markit Document Exchange (MDE) is an online platform for institutional investors and other financial institutions to exchange documentation efficiently in a secure environment. Participants upload their documents and agreements then grant explicit permission as required for their counterparties to access them.
MDE’s centralised online environment decreases the reliance on email and paper-based interaction. The platform stores over 90 document types that are organised into 18 categories. Audit functions allow firms to verify the source and destination of documents on the system.
Since counterparty documentation and agreements are part of every stage of a trading relationship, MDE is the ideal tool for front, middle and back office documentation processes covering KYC, Tax, Legal, AML and Credit.
MDE is the industry utility of choice for an established and growing community of broker/dealer institutions, institutional investors and various industry third parties. |
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| Key benefits: |
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| Sell-side: Cost savings through standardised, automated document collection |
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| Delivery of documentation to all internal departments from one source, increasing operational efficiency |
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| Streamlined client on-boarding, standardised across all departments |
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| Buy-side: Cost savings through streamlined, single-point tool for document storage and dissemination |
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| Compressed time frame to initiate new trading relationships |
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| Reduction of in-bound requests from banks or broker/dealers |
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| Key functions: |
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| Central document storage and dissemination |
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| Easy filtering and search capabilities |
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| Global contact management |
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| Full audit logs of account activity |
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| Contract agreement management |
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| Document renewal, alerts and notifications |
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