Novation revolution ... or the death of email for CDS processing

CDS Novations

Addressing the operational challenges posed by the high volume of novations in the credit derivatives market continues to be at the forefront of industry efforts to improve efficiency and scalability. The most recent industry commitments to the Federal Reserve Bank of New York highlighted novations as a key area of operational focus and established clear targets for 2008 that apply to all market participants. These new targets are acting as a catalyst for a real transformation of novation proces

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