SIDE Green Tree Page Counter reaches 15 million pages
March, 2022Securities Industry Data Exchange (“SIDE”), has supressed 15 million pages of counterparty documents normally printed and mailed between participants. These include legal trade confirms and statements across asset classes and where the risks associated with physical or email delivery are eliminated while reducing cost and carbon footprint.
SIDEchain has provided the industry the most secure means by which to retain historical information electronically and enable hundreds of users and their auditors to access their information in a more consistent manner. ‘While many have embraced digital transformation since ESG and during the Covid pandemic, SIDE has already implemented its digital platform in 2018 and at the enterprise level’, explains John Packwood, Chief Executive Officer.
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