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RBC Dexia Selected By Manulife Singapore For Fund Valuation
RBC Dexia Investor Services has been selected by Manulife (Singapore) Pte Ltd to handle the fund valuation for 42 Investment Linked Portfolios, accounting for over SGD1.5 billion in funds under management and consisting primarily of fund of funds structures. “Outsourcing is an important strategic decision and it is imperative that the right partner is selected…
Markit and DTCC Launch MarkitServ
Markit and the Depository Trust & Clearing Corporation (DTCC) today launched MarkitServ, a new company that combines the two organisations’ electronic trade confirmation and workflow platforms to provide a single gateway for OTC derivative trade processing. Jointly owned by DTCC and Markit, MarkitServ combines the DTCC DerivServ and Markit Wire trade confirmation platforms to cover…
Advent Links Geneva to Thomson Reuters’ DataScope for Pricing and Reference Data
Thomson Reuters has scored another key win for its DataScope Select service with the signing of an agreement with investment management software provider Advent Software to provide its portfolio management and fund accounting solution with pricing and reference data. Under the terms of the agreement, the two vendors will create and interface to link Advent’s…
Only Half of RDR Readers Have Formal Metrics in Place to Measure Data Successes
Despite the downturn in the financial markets and cost pressures on data management budgets, half of Reference Data Review readers still do not have formal metrics in place to prove the success of a project, according to the results of our recent reader poll. The poll results indicate that half of respondents continue to use…
Bankers Almanac Launches Online Document Verification for its Due Diligence Repository
Bankers Almanac, a provider of reference data for payments, due diligence and risk assessment, has announced that its Due Diligence Repository now has online document verification. The new Manage My Documents feature allows providers of the documents to review, confirm or supply replacements online into the Due Diligence Repository. It increases the speed at which…
US Government Sends Final OTC Derivatives Regulations Proposals to Congress
Following the publication of its white paper on an overhaul of the OTC derivatives regulatory regime last month, the US government has finally sent its proposals to Congress, which will vote on them once it returns from its August recess. The proposals include requirements for the more vanilla end of the spectrum of these instruments…
Markit and DTCC Plan Launch of Combined Trade Confirm and Workflow Platform for September
Following the signing of a partnership agreement in July last year, Markit and the Depository Trust & Clearing Corporation (DTCC) have finally announced the launch date for their joint venture in the derivatives trade processing space. The vendors will be launching MarkitServ, which combines DTCC’s DerivServ workflow platform and the (ex-Swapswire) Markit Wire trade confirmation…
Quantifi Releases Version 9.2 to Support Evolving Global Credit Markets
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has announced the release of Version 9.2 (V9.2) of the firm’s pricing, hedging and risk analysis software. Quantifi has released V9.2 as part of its ongoing commitment to keep customers up to date with the market’s rapidly changing regulatory and operational…
ICE Clear Europe and Eurex Credit Clear Ready for the Off
This week marks the end of the deadline for the launch of Europe’s credit default swap (CDS) clearing counterparties (CCPs) and both IntercontinentalExchange’s (ICE) ICE Clear Europe and Eurex’s Eurex Credit Clear are due to go live today. Both parties have declared they have already begun operations and will soon be ready to clear European…
FCAG Says Mark to Market Rules Not to Blame for Procyclical Nature of Market
The Financial Crisis Advisory Group (FCAG) has released its final report indicating that mark to market accounting standards did not fuel the procyclicality of the market. The group, which is the joint effort between the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), established to tackle accounting standards in the…