Legaldocumentation - Enhance the Umbrella functionality within the Legaldocumentation section of the CDM. #4191
Description
Background
The Umbrella functionality within the CDM required to be built out to meet the requirements of the members to support the capture of Legal Agreement terms within an Umbrella Structure.
The original solution only allowed for the identification that the agreement had an Umbrella structure and allowed the capture of term election variations through the use of a single string variable.
The proposed solution creates an Umbrella structure that is mapped to the existing Legal documentation agreement election structures while allowing multiple agreement sets to be created that identify different election combinations and allows the agreement set to be defined against 1 or more parties to the agreement.
Parties to the agreement are also assigned roles identifying the legal and business purpose of those entities within the agreement.
What is being released?
Updated types and enumerated lists have been added to the legal documentation component of the CDM as listed below:
Enum
UmbrellaPartyRoleEnum - Represents the legal role a party is assigned for the agreement
Type
UmbrellaAgreementSet - Allows multiple sets of elections to be captured and assigned to specific parties to the agreement
UmbrellaAgreementEntity - Defines the parties to the agreement
Parentparty - Allows parties to be associated with a parent party on the agreement. Within umbrella agreements funds, portfolio or managed accounts which are not legal entities can be defined that are required to be rolled up to a parent party for things such as margin management. Additionally multiple investment managers may exist within a single agreement and parties need to be associated with the applicable Investment Manager.
Proposal
Adrian Jenks Legaldocumentation - Enhance the Umbrella functionality within the Legaldocumentation section of the CDM. #4190
has been contributed
Compatibility
This feature should be backwardly compatible as the section it is amending is unused
Release
To be released to the CDM as part of the next available release
Additional Context
No response