City Networks’ Bradford: The ISDA’s CSA Standards Are a Welcome Relief

Open Platform

By Andrew Bradford, securities and derivatives industry consultant, City Networks

All financial institutions reconcile their back-office systems to correspondent banks and custody agents on a daily basis. At one time, this was a tedious manual process involving large numbers of clerks simply ticking off bank and custody statements against a listing from the back-office system. But, for the past 15 years or so, this work has been highly and effectively automated—in most cases, by

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