Industry Platform of the Year - Markit Trade Processing Portfolio Reconciliation

Risk Awards 2008

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While increased use of collateral in the over-the-counter derivatives markets has helped reduce counterparty credit risk, the turmoil in the financial markets last year emphasised once again just how important it is for institutions to know at all times exactly where they are in terms of exposures and collateral positions.

The most effective prevention against disputed margin calls is an ongoing portfolio reconciliation process. However, as the use of collateral has grown, the reconciliation of