eClerx, a leading provider of knowledge and business processing, today announced it has been honored in the 2014 Risk magazine awards, winning the OTC Infrastructure Service of the Year category for its International Swaps and Derivatives Association (ISDA) Credit Support Annex (CSA) Document Risk Review solution.

eClerx's ISDA CSA offering enables financial institutions to strategically mine information comprehensively and accurately from CSAs for more informed management of credit and legal risk, optimization of cash and collateral, and operational risk mitigation. The panel of judges cited astounding client satisfaction and the solution's accuracy as key factors setting eClerx above its competition in this category.

"We developed this solution as a result of client demand and while we were working with these firms, we realized there was a lot of basis risk embedded in CSAs," said Anjan Malik, Director and Co-Founder, eClerx. "Our research has shown that nearly two-thirds of agreements, on average, contain discrepancies when compared against representations in client systems. These errors can be extremely costly to firms and with regulatory requirements and increasing demand for collateral due to OTC clearing, the information in ISDA CSA documents are critical to firms' credit risk management and planning."

Through utilizing eClerx's winning solution, firms can leverage data pre-trade - to ensure derivative trades are priced correctly - and post-trade, to optimize collateral movements across counterparties. Further, users gain access to information to which clients have legally, yet do not have the ability to systematically act upon, due to the unstructured nature of the information embedded within faxed PDF documents and image files.

"Regulators have yet to set a document standard on a global scale and different central counterparties are setting different rules, resulting in each of these mandates requiring its own unique back loading needs," said Mahesh Muthu, Associate Principal, eClerx. "Through our experience, the team has developed best practices for mining the data in these documents. Clients are able to leverage this information through eClerx's strategic decision analytics in the platform to optimize day-to-day decisions with a more accurate and granular dataset."

Notes to Editors

ABOUT ECLERX
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eClerx provides critical business operations services to more than 30+ global Fortune 500 clients, including many of the world's leading financial services firms, online retail and distributors, interactive media and entertainment, high tech and industrial manufacturing, travel and leisure, and software vendors, through operational support, data management and analytics solutions. Incorporated in 2000, eClerx is India's first and only publicly listed knowledge processing (KPO) company and is today traded on both the Bombay and National Stock Exchanges of India. eClerx was ranked as one of Forbes Asia's 200 Best Under a Billion List and named as finalist in Teleos' Most Admired Knowledge Enterprise award. eClerx employs over 6,000 employees across its six Indian delivery centers and offices in Mumbai, Pune and Chandigarh plus global client relationship locations in New York, Philadelphia, London, Silicon Valley, Austin, Dublin and Singapore. For more information, please visit www.eclerx.com and follow us on our social media channels: Twitter: @eClerx, Facebook: eClerx, and LinkedIn: eClerx.

PRESS CONTACT:
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Jacqueline Gogel
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eClerx@cognitomedia.com