Isda publishes over-the-counter guidelines
NEW YORK -- The International Swaps and Derivatives Association has published a set of guidelines for matching, netting and settling cashflows arising from over-the-counter derivatives transactions.
Isda wants the guidelines to "standardise the operational practice and to support market development through technological innovation", it said in a statement.
The association's paper has set out a three-step process, beginning with matching payments prior to settlement on a gross basis, followed by netting payments to allow a lower number of payments, and finally to arrive at a settlements
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