The results, which were discussed yesterday at Isda’s 22nd annual general meeting in Boston, show that the average number of days taken to process a credit derivatives transaction has dropped from 16.2 days in 2006, to 5.5 days now. For interest rate products, that figure has fallen from 50 days to 21, while for commodity derivatives it has dropped from 23.3 days to 7.5.
Additionally, large dealers are sending out confirmations to their respective counterparties faster. More than 70% of cred
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