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Bloomberg Entity Exchange
- 1. COMPLIANCE & RISK MANAGEMENT SOLUTIONS Entity Exchange shortens the time to open trading accounts. OPENING TRADING ACCOUNTS IS TIME-CONSUMING, MANUAL & ERROR-PRONE To make the most of sophisticated trading strategies, hedge funds need to trade with a wide variety of sell-side counterparties. These counterparties require a great deal of information and documentation to establish trading relationships, and these requirements frequently change and increase. Hedge funds want to focus on trading, not document management. Completing forms for hundreds of counterparties is a time-consuming and frequently manual process. Finding the right documents and delivering them to the right counterparties often involves combing through email inboxes and shared file servers. Tracking the information sent to each counterparty adds to the complexity. Hedge funds are averse to providing access to sensitive information unless they are sure it is required to meet business needs. Managing access to this information in an environment of constantly changing regulations and widely varied bank policies is an arduous task. ENTITY EXCHANGE OFFERS EFFICIENCY, SECURITY & CONTROL Entity Exchange is a centralized, web-based platform that facilitates the exchange of data and documentation between hedge funds and their sell-side counterparties. Each hedge fund firm has a secure, private Company Profile used to organize and store all of the information relevant to opening new accounts, in addition to a workspace to fulfill requests from sell-side counterparties. When counterparties send specific requests to hedge funds over the platform, Entity Exchange automatically matches documents and data from the Company Profile to the items being requested by the counterparty. Once matched, hedge fund users have the opportunity to preview and send each document and form ensuring that their firm maintains complete control over distribution to counterparties. In addition, by leveraging secure web technology, Entity Exchange alleviates risks associated with using email to deliver sensitive firm information. ENTITY ONBOARDING SERVICES DESIGNED FOR HEDGE FUNDS ≒ Developed in partnership with leading hedge funds, Entity Exchange is built to meet the hedge funds onboarding needs ≒ Secure, encrypted storage ≒ Access control for sensitive documents through request-based workflow tools ≒ Centralized, private document library lets funds post once, distribute to many ≒ Automated population of documentation and forms requested by counterparties ≒ Complete audit trail of user and counterparty activities ≒ Ability to raise issues and track resolution in the audit trail. ≒ Redacted document management and controls ≒ Sophisticated tools to manage ownership information and evidence
- 2. BEIJING +86 10 6649 7500 DUBAI +971 4 364 1000 FRANKFURT +49 69 9204 1210 HONG KONG +852 2977 6000 LONDON +44 20 7330 7500 MUMBAI +91 22 6120 3600 NEW YORK +1 212 318 2000 SAN FRANCISCO +1 415 912 2960 SO PAULO +55 11 2395 9000 SINGAPORE +65 6212 1000 SYDNEY +61 2 9777 8600 TOKYO +81 3 3201 8900bloomberg.com/enterprise TAKE THE NEXT STEP Learn more about our solution for efficiently establishing new trading relationships. Visit bloomberg.com/enterprise or reach us at hfcompliance@bloomberg.net. The data included in these materials are for illustrative purposes only. 息2015 Bloomberg L.P. All rights reserved. S636685842 1215 DIG BLOOMBERG FOR ENTERPRISE To succeed today, financial institutions must respond to challenges that are not addressed by traditional approaches. They require world-class solutions that integrate people, processes, information and technology for the front office, middle office and operations. Bloomberg partners with these institutions to protect and capitalize on data, manage risk, deliver transparency and control costs. Through enterprise-level expertise and three decades of deep industry experience, Bloomberg creates real value through the use of innovative technology that turns data into a strategic asset. An optimal onboarding workflow for hedge funds Submit data and documents to central platform. Communications occur through the platform to increase speed. An audit trail itemizes the points of interaction. Access to the platform requires secure authentication. Data and documents are made available to select broker counterparties. Central Platform Entity Exchange provides a highly secure and streamlined way for hedge funds to share sensitive documents and data critical to the onboarding process. ENTERPRISE ADVANTAGES Hedge funds can use this solution to manage multiple counterparty relationships through a single, secure platform. Funds can respond to requests for current documentation, give specific organizations permission to receive it and notify multiple counterparties about changes simultaneously.