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.
Documents (1) for 2013 ISDA Operations Benchmarking Survey
Latest
Response to ESMA Guarantees
On April 30, ISDA responded to the European Securities and Markets Authority (ESMA) consultation paper on guarantees as central counterparty (CCP) collateral and certain aspects of CCP investment policy. ISDA broadly supports ESMA’s proposed draft regulatory technical standards (RTS) to...
ISDA AGM Studio: Jenny Cosco and Jason Granet
Jenny Cosco, global head of government relations and regulatory strategy at LSEG, and Jason Granet, chief investment officer at BNY, speak with Tara Kruse, ISDA’s global head of derivative products and infrastructure, about how firms can manage liquidity pressures during...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Capital Models Benchmarking: A Framework for Counterparty Credit Risk Internal Models
When firms implement capital models in line with supervisory standards, a range of interpretative and implementation choices inevitably arise. These choices reflect differences in modeling approaches, data availability, system architecture and risk management practices, and can lead to variation in...
