About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ISDA 2011 Operations Benchmarking Survey

Subscribe to our newsletter

The International Swaps and Derivatives Association, Inc. (ISDA) released highlights from its 2011 Operations Benchmarking Survey today at its 26th Annual General meeting in Prague.

The Survey shows the results of industry investment in infrastructure over the past several years. The confirmation process, for example, has been completely automated and 100 percent of eligible credit default swaps are confirmed electronically, compared with 99 percent last year. Similarly, 83 percent of eligible interest rate derivatives are confirmed electronically compared with 77 percent last year.

Infrastructure improvements are also reflected in the continuing decrease in confirmations outstanding. Credit derivatives, for example, show an average across all respondents of 0.5 business days’ worth of aged outstanding confirmations, compared with 1.1 business days in last year’s survey. Equity derivative confirmations outstanding fell to 6.7 business days compared with 7.3 last year and interest rate derivatives confirmations also fell to 2.1 business days from 2.8 last year. The full survey will be published shortly.

“Throughout the years, ISDA and its members have led industry efforts to strengthen the operational infrastructure of over-the-counter derivatives,” said Robert Pickel, executive vice chairman, ISDA. “The results of the 2011 ISDA Operations Benchmarking Survey show that the industry continues to focus on building a stronger and more resilient operational infrastructure for these products.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data standards and global identifiers update

Data standards and global identifiers are the international language of capital markets – but how widely have they been adopted, how useful are they in practice, and can they stand the test of sustaining stable markets? This webinar will review data standards and global identifiers available in capital markets, discuss their adoption, and consider best...

BLOG

GLEIF and Swift Reduce Cost of Reconciling Counterparty Data with Certified Mapping of MIC to LEI

The Global Legal Entity Identifier Foundation (GLEIF) has expanded its collaboration with Swift by providing certification for the mapping of Swift’s Market Identifier Code (MIC) to the Legal Entity Identifier (LEI). The resulting open source file will enable market participants that use GLEIF and/or Swift data to link and cross-reference key entity identifiers free of...

EVENT

A-Team Innovation Briefing: Innovation in Cloud

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...