Isda publishes results of operations benchmarking survey
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Initial results suggest an increase of processing staff, perhaps due to increased confirmation backlogs. Confirmation dispatch times were the lowest for vanilla swaps - trades that can be matched electronically by a commercial auto-matching machine. The biggest improvement in confirmation dispatch times was for credit derivatives, which commonly fail to meet normal dispatch times because the transaction involves a new or unusual product.
While progress has been made in some areas, the percen
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