Buy-side firms scramble to meet novation deadline

Technology vendors last month reported a significant upturn in activity among buy-side firms looking to meet a February 28 deadline for processing credit derivatives novation consents electronically.

Novations involve the transfer of rights in a trade from one counterparty to another, requiring the consent of all parties and a separate confirmation process.

In the buy-side community, email has been the traditional means of consent. But in an effort to reduce operational risk, the Operations Mana

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: