Isda calls for trade automation
Implementation Outlook
The plan calls for the electronic matching and legal execution of all vanilla over-the-counter (OTC) derivatives trades that are inter-dealer transactions on the trade date, with reasonable exceptions due to time zones. For other transactions, the goals are same-day trade verification, and trade confirmation within five days of the trade date, and legal execution within 10 days for complex manual transactions. The consultation paper sets a number of other, related goals as well.
In mid-December
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