The EU Collateral Directive Advisor aids parties to a financial transaction in identifying the applicability and consequences of laws that were enacted to implement the Financial Collateral Arrangements Directive (2002/47/EC).

This is of particular interest for handlers of transactions where a lender is a potential benefactor under the laws implementing the directive, since not all collateral agreements are automatically covered by the said laws. Using the tool, any party entering into a financial transaction can find out if the laws stated above are applicable to their collateral agreements based on their inputs. The tool enables quick consultations without having to request legal advice from lawyers. With BRYTER’s integration features, this can also be embedded into any existing IT infrastructure for easy access.

How it works

1

Enter information

A party who wishes to enter into a financial collateral agreement inputs the information regarding its collateral agreement into the tool, which in turn processes this information based on the underlying logic.

Verify applicability

The tool verifies the inputs given against the respective laws that implement the Financial Collateral Arrangements Directive to check if these laws apply to the collateral arrangement that is described.

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3

Get assessment

The user gets an immediate assessment regarding the applicability of the law and the consequences of it, without the need for lengthy and expensive consultations.