Clifford Chance launch Continuing Obligations: Debt Securities App

Clifford Chance Applied Solutions, (CCAS) has announced the launch of a new digital tool, ‘Continuing Obligations: Debt Securities’ built in Neota’s no-code platform. The first version of the expert system-type compliance product will cover Luxembourg, the UK and Ireland, initially.

The product is the first of its kind on the market, the group noted. It does the following:

• Simplifies debt security obligations bringing together all relevant listing rules and action points into one simple online format;
• Saves time trying to track compliance and stock exchange obligations, in different jurisdictions;
• Protects from financial and reputational loss, as there is an increased focus on sanctions for companies failing to comply with guidelines.

Jeroen Plink, CEO at CCAS said: ‘Failing to comply with debt securities reporting obligations fully and on time can result in sanctions, which can hurt an organisation’s bottom line and reputation. To tackle this, we have worked closely with Clifford Chance’s capital markets lawyers to create a simple and user-friendly digital tool which tells you what you need to do to avoid falling foul of the rules.

‘The product is accessible 24 hours a day and has instant access to customer support for further assistance. This tool ensures tracking on-going obligations for listed debt is seamless.’

While Andrew Coats, capital markets partner at Clifford Chance, added: ‘This digital tool puts all the information together in a single easily accessible place and should assist issuers in navigating the requirements and maintaining good relationships with their regulators.’

Sign up for a video demonstration of this application here.