Introduction
Docs now offers a streamlined Rate Change workflow, available directly through the Agreement Amendment process! The workflow relies on the Billing Agreement, and supports expedited for eRate-only changes on Executed Give-Up Agreements. Where the workflow is available, users updating the rate schedule workstream will be given the option of updating "eRates Only" of the full "workstream" when they select to Edit the Executed Agreement's Rate Schedule Workstream.
Additional information on the Billing Agreement workflow can be found:
- In the article on Billing Agreement Workflow
- In the description on how the Billing Agreement Workflow and Rate Sync features work together to expedite approval of eRate-only updates
Conditions for Workflow Availability
The Billing Agreement workflow is available for eRate-only updates on agreements:
- Having one of the standard agreement types (STDC, STDT, STDTO, STDCO)
- Where the Bill To Party is a conformed party
- Where the user initiating the rate update is doing so on behalf of the agreement's Customer, Trader, or Executing Broker
- Where the Clearing Broker has opted to support the Billing Agreement
If the workflow is unavailable, users will not receive any option when selecting the "Edit" action on the Give-Up Agreement Rate Schedule workstream.
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