From: Wall Street & Technology
Topic: The Next Big Thing in Derivatives Processing:Getting to T+0
By Automating Transactional Messaging and Exception Management
Date: Tuesday, November 14, 2006 Time: 9:00 AM PT / 12:00 PM ET
Duration: One hour
URL for registartion: https://www.cmpnetseminars.com/BTG/default.asp?K=4TW&Q=548
The rapid adoption of credit derivatives by traditional asset managers and hedge funds has led to the explosive growth in transaction volumes and the creation of innovative investment and hedging strategies. While the major dealers have substantially cleaned up the backlog in unconfirmed trades in credit instruments, there are still concerns about handling the more exotic structures.
As regulators pressure the industry to eliminate paper and costly manual intervention, the automated processing of derivatives and other trade confirmations has become a top priority for buy-side and sell-side firms looking to minimize operational risk and avoid costly errors. But which way do firms turn?
This Webcast will discuss how buy-and-sell side firms can improve the STP capabilities associated with processing high-volume OTC derivatives trades, utilizing many of the post-trade technologies that have recently emerged in the marketplace, including confirmation matching systems, new electronic message formats and transactional communications technologies for document generation.
In this Webcast, you can learn about:
- STP strategies for improving OTC derivatives processing
- New techniques for creating customized documents that support exotic structures with new
electronic messaging formats such as FpML through fax, email and Web channels as well as
third-party matching services
- Minimizing operational risk by streamlining workflow in high-volume, transactional
businesses like OTC derivatives
- Speeding up exception management to support the manual review of complex exotic trades
- Industry initiatives for reducing operational risk on the buy-and sell-sides.
