A Simple Approach

MESSAGING

Swift prepares a bold pilot program to speed up derivatives processing.

Simplicity is on the way. Whether it’s between asset managers and their dealers or asset managers and their custodians, communicating post-trade data for over-the-counter (OTC) derivatives trades is on the verge of being simplified.

In June, the Society for Worldwide Interbank Financial Telecommunication (Swift) and the International Swaps and Derivatives Association (ISDA) announced that the two industry bodies had begun

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