We thought you should be aware of a video produced by DRS which describes updates to the ISDA and custodian documentation for UMR. These updates form the 'next generation' of documentation intended to make re-papering for UMR easier for firms going forward. The video is 36 minutes long and includes nice diagrams.

DRS Director Michael Beaton has produced a video explaining the primary features of the Next Generation IM documentation. The Next Generation has been designed with the buyside in mind and is likely to be used widely in the upcoming IM Phases 5 & 6.  To date, knowledge has been siloed within a small group of law firms, consultancies and relevant work groups. The video therefore represents a valuable and rare resource.

The video can be be seen via the DRS website here: https://drs-als.com/knowledge-hub/analysis/next-generation-im-documentation