OTC derivatives industry awaits two Isda papers on portfolio reconciliation
The over-the-counter derivatives markets are awaiting two further publications from the International Swaps and Derivatives Association on collateralised portfolio reconciliation before fully understanding the scope and scale of the challenges the industry currently faces.
Isda published its Feasibility Study: Extending Collateralized Portfolio Reconciliations on December 21. This paper outlines current OTC market practices and proposes recommendations for the 40% of the OTC market-place not
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