Partnerships  
Futures Industry Association
The FIA Electronic Give-Up Agreement System (EGUS) automates the online creation, text amendment, review, and approval by all counterparties - brokers, customers, and traders - for give-up agreements.
Product summary:

Use the FIA Electronic Give-Up Agreement System (EGUS) workflow options to automate agreement creation, review, execution, and storage. It helps you establish trading relationships quickly, reduce costs, and save time. Additionally, EGUS directly feeds into the FIA EGAINS system for automated billing based on your rates entered in EGUS.

Markit completed the initial EGUS system specification in only 30 days and brought the system live 100 days later. Markit operates, provides infrastructure (production and disaster recovery), and a help desk for EGUS and EGAINS on behalf of the FIA and its supporting futures brokers.
Key benefits:
EGUS dramatically decreases the time to execute an agreement to an average of 2 days and typically 1 to 4 days. One agreement between parties in the US and UK took just 45 minutes. Without EGUS, an average of 35 days with a range of 5 days to months
EGUS saves you money and hassles - the FIA estimates that each firm not using EGUS pays an average cost (including staff time and postage) of over USD100 per agreement and experiences administrative nightmares to execute a give-up agreement
EGUS distributes give-up agreements and rate schedules, via XML, to billing and reconciliation systems of participating institutions and to exchange payment systems and FIA EGAINS - using EGUS, agreements are never lost in transit
EGUS, as the central authority ("golden" copy) of agreements and rate schedules, eliminates duplicate entry into the system of each counterparty
EGUS reduces errors, saves time, and reduces days outstanding for fee payments since everyone is working from the same "golden" copy of the agreement and rates
Establish trading relationships quicker so you can charge commissions sooner
Key functions:
Notification to all parties when corrections are made to agreements, for review and approvals required to move to next state, and upon execution
Built-in agreement comments – facilitates communication for all participants
Fast, efficient search and retrieval of executed agreements and reports
Agreement transaction history – shows who completed each step and when each step was completed
Automatic up-to-date contact list provided for all contacts on each agreement
Duplicate electronic agreements for disaster recovery
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