Give-Up Agreement Transfer Protocol Adoption - Conformed Parties

THIS ARTICLE PROVIDES SYSTEM USER GENERAL GUIDANCE ONLY AND DOES NOT CONSTITUTE LEGAL ADVICE OR DEFINITIVE ADVICE OF ANY NATURE.

THIS ARTICLE IS NOT AND SHOULD NOT BE VIEWED AS GUIDANCE FOR ALL ISSUES OR CONSIDERATIONS IN CONNECTION WITH THE 2018 FIA TECH GIVE-UP AGREEMENT TRANSFER PROTOCOL (THE PROTOCOL). PARTIES SHOULD CONSULT WITH THEIR APPROPRIATE ADVISERS, INCLUDING, WITHOUT LIMITATION, THEIR LEGAL ADVISERS PRIOR TO ADOPTING THE PROTOCOL OR ACTING THEREUNDER, AND SHOULD NOT RELY ON THIS ARTICLE. IF THERE IS ANY INCONSISTENCY BETWEEN ANY OF THE INFORMATION PROVIDED IN THIS ARTICLE AND THE PROVISIONS OF THE PROTOCOL, THE PROVISIONS OF THE PROTOCOL SHALL PREVAIL. FIA TECH ASSUMES NO RESPONSIBILITY FOR ANY USE TO WHICH ANY OF ITS DOCUMENTATION OR OTHER DOCUMENTATION MAY BE PUT.

Images in this article contain placeholder language, and should be referenced solely for user-interface guidance.

Conformed parties within Docs can adopt the Give-Up Agreement Transfer Protocol (the Protocol) directly through the application. Users with Execution Phase Approver permissions will be able to adopt the transfer Protocol on behalf of each party for which they have this user role.

The Protocol can be adopted through the pop-up presented to users upon login, or by accessing the Transfer Protocol page.

Protocol Adoption Window

Upon logging in to Docs, users with Execution Phase Approver permissions are presented with the Protocol Adoption page:

Within this window, users have three options: 

1. Adopt Protocol: Once the parties for whom the user will adopt the Protocol have been chosen, this action will become active.  Parties for which the user is adopting the Protocol can be found at the end of the Protocol, under the "Adopt the 2018 FIA Tech Give-Up Agreement Transfer Protocol for the following parties" section outlined in green below. One or more parties can be selected by checking the box next to the party name. 
2. Close for now: Temporarily dismiss the Protocol window until next login, outlined in orange below.
3. Don't show me this again: Permanently dismiss the Protocol adoption window from displaying upon login, outlined in red below.  Users selecting this option may still choose to adopt the Protocol on behalf of their permissioned parties through the Transition Center workflow detailed in the following section.

Reviewing & Amending Protocol Adoption Status - Transition Center

Firms may review adoption status of their parties in the Transition Center interface, available through the Agreements dropdown shown below:

Within the Transition Center, select the "Transfer Protocol" section header. The page displays Protocol adoption status by party, denoted by the "Adopted" column. This page also shows the date when each party adopted the Protocol and who signed the adoption letter on behalf of each party.  The icons in the final column to the right allow users to View the full Protocol text, and, if permissioned, adopt the Protocol, or revoke Protocol adoption.

Adopt Protocol

Selecting "Adopt Protocol" prompts the below message. Selecting "Ok" will adopt the Protocol for the selected party.

Revoke Protocol Adoption

Similarly, parties may revoke Protocol adoption, by selecting "Revoke Protocol adoption":

The below message is prompted, noting that parties which have not adopted the Protocol will not be able to initiate agreement transfers.  Selecting "Ok" will withdraw the entity from the Protocol.

Non-Conformed Party Adoption within the Counterparty Report

In addition to reviewing the status of a user's own parties, the Docs Counterparty Report displays the adoption status of all of a firm's counterparties in Docs.

Additional details on the Counterparty report may be found in the Docs Counterparty Report article.