Monday, February 26, 2007

Asset Managers Push Custodians to Offer Independent Pricing Services for OTC Derivatives

Asset managers that enter into over-the-counter (OTC) derivatives contracts and structured products with sell-side trading desks are demanding independent valuation services from their custodians, according to several sources. In response to scrutiny from institutional investors, compliance officers and risk managers, as well as internal boards of directors, investment managers are taking a keen interest in how these complex instruments are priced.

Read complete article at http://www.financetech.com/showArticle.jhtml?articleID=197005764

Published date: Feb 13, 2007

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