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

A-Team Insight Blogs

ISDA Releases 2011 Operations Benchmarking Survey Results

Subscribe to our newsletter

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of its 2011 Operations Benchmarking Survey. This publication includes results from G14 respondents as of year-end 2010, and follows the release of survey highlights at ISDA’s 26th Annual General meeting in April.

The survey notes the continuing decrease in confirmations outstanding, particularly among G14 members. Credit derivatives show an average of 0.4 business days’ worth of aged outstanding confirmations among G14 members, compared with 1.0 business days in last year’s survey. Equity derivative confirmations outstanding fell to 6.5 business days among G14 members, compared with 7.4 last year. Interest rate derivatives confirmations also fell to 2.0 business days among G14 members, down from 2.9 last year.

“ISDA and its members remain committed to strengthening the operational infrastructure of over-the-counter derivatives,” said Robert Pickel, Executive Vice Chairman, ISDA. “The results of the 2011 ISDA Operations Benchmarking Survey illustrate the progress the industry has made to date and the continued dedication of the G14 and other market participants to building a more robust operational infrastructure for these products.”

As previously noted, the survey reflects the increased automation in the OTC derivatives market over the past several years. 100 percent of eligible credit default swaps and 83 percent of eligible interest rate derivatives are now confirmed electronically.

The ISDA Operations Benchmarking Survey identifies and tracks operations processing trends in privately-negotiated OTC derivatives. The results provide individual firms with a benchmark against which to measure the promptness and accuracy of their trade data capture, confirmation, and settlement procedures, as well as the level of automation of their operational processes. ISDA first conducted the Survey in 2000 and has done so annually since then.

The full results of the survey are available on ISDA’s website here <http://www2.isda.org/functional-areas/research/surveys/operations-benchmarking-surveys>. The survey highlights published in April are available here <http://www2.isda.org/attachment/MzAyMA==/Ops%20Survey%20Final%20Version%20Immediate%20Release.pdf> .

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data...

BLOG

Biodiversity: The Next Hurdle in the ESG Data Marathon

By Thomas McHugh, CEO, FINBOURNE Technology. With ESG firmly on the global investment agenda, investors are increasingly expecting asset managers to generate sustainable returns across multi-asset portfolios. In developed markets, many are expecting not just a portion of these investments, but a majority of their portfolio, to positively impact on the community and the environment....

EVENT

FRTB Briefing Virtual (Redirected)

The FRTB Briefing Virtual will examine key focus areas and priorities for banks in 2020 and offer guidance, advice and expertise for tackling the challenges and pain points around implementing the FRTB regulation.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...