As the derivatives market grows, OTC collateral agreement such as CSA (Credit Support Annex) is widely used to manage credit risks, however the efficiencies of CSA implementation may be compromised by the mismatches lied in the system records between the 2 parties. Portfolio reconciliation was established as a process to verify the accuracy of a firm’s trade population using live system data by comparing the two counterparty’s records of a bi-lateral OTC portfolio as of a given business date.
The industry would like to promote regular portfolio reconciliation in the Asia Pacific region. Under the auspice of ISDA Collateral Steering Committee, ISDA Asia Pacific Collateral Management Operations Working Group launched an initiative to draft a Memorandum of Understanding of Portfolio Reconciliation, the document is published on January 3, 2011. Firms with business in the Asia Pacific region are encouraged to adhere to the MoU.
Documents (3) for Asia Pacific Collateralized Portfolio Reconciliation Memorandum of Understanding (MoU)
Latest
ISDA Guidance – Delayed CPI-U Due to Government Shutdown
On November 7, 2025, ISDA published guidance addressing the potential delay in the release of the U.S. Consumer Price Index for All Urban Consumers (CPI-U) resulting from the current U.S. government shutdown. The guidance provides clarification on how such delays...
SPS Matrix – SPS Naming Convention
This document sets out the naming convention for how the Settlement Price Sources (“SPSs”), as defined in the ISDA Digital Asset Derivatives Settlement Price Matrix (the “SPS Matrix”), should be named to increase consistency and understandability. ISDA formalized the SPS...
A Global Blueprint for Market Risk Reform
The global financial crisis of 2007-2009 exposed fundamental weaknesses in how banks measured and managed risk, and the repercussions were felt by economies all over the world. In response, policymakers sought to rebuild trust and resilience in the global financial...
SwapsInfo Q3 2025 and Year-to-September 30, 2025
Trading activity in interest rate derivatives (IRD) and credit derivatives increased in the third quarter of 2025 compared with the same period in 2024, reflecting shifting monetary policy expectations and broader market conditions. IRD traded notional rose by more than...