Asian banks in OTC derivatives reconciliation drive
HONG KONG – Asian banks are starting to adopt over-the-counter derivatives reconciliation systems, following efforts started back in January by the International Swaps and Derivatives Association to create an ‘Asia-Pacific portfolio reconciliation memorandum of understanding'. This saw regional banks pilot reconciliation in an agreement with their international counterparts.
The agreement saw a number of financial institutions with a relationship greater than a 1,000-trade threshold agreeing to
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