Approval process
Transaction review, approval and execution responsibilities should be clearly defined.
GOVERNANCE AND CONTROLS
Governance and controls for institutional transaction confidence
LCP’s framework is designed around clear role definition, documented approvals, capacity records, release controls and transaction-specific review.
Governance | documentation | capacity records | release controls
OPERATING CONTROLS
Clear approvals. Clear records. Clear release mechanics.
Each transaction should be supported by appropriate internal approval, counterparty diligence, document control, capacity confirmation and release records.
Document control
Final documents, templates and supporting records should be current and version controlled.
Capacity register
Live allocations, restrictions, expiry dates and releases should be tracked.
Escalation
Exceptions and non-standard requests should be reviewed at senior level.
INSTITUTIONAL REVIEW
Capacity status should be clear at all times.
Capacity status, restriction periods, release events and reallocation decisions should be recorded so that approved counterparties can understand what is live, what has been released and what remains available.