2013 ISDA Operations Benchmarking Survey

The ISDA Operations Benchmarking Survey identifies and tracks operations processing trends in privately-negotiated, over-the-counter (OTC) derivatives. The results provide individual firms with a benchmark against which to measure the promptness and accuracy of their trade data capture, confirmation, and settlement procedures, as well as the level of automation of their operational processes. Please note that there are various proposed and final regulations implementing the Dodd-Frank Act in the US and EMIR and MiFID/MiFIR in Europe in regard to trade reporting, processing, execution, confirmations, and settlement. The results of this survey reflect data gathered prior to the implementation of these new regulatory requirements. ISDA first conducted the Survey in 2000 and has done so annually since then.

This year, seventy seven (77) ISDA member firms responded; fifty three (53) of those firms participated in last year’s Survey as well. Appendix 1 lists the respondents, and Table 1 shows some sample characteristics. The Survey classifies respondents into three size groups based on monthly deal volumes across products.

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