INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
For Immediate Release Friday, April 23, 2010
For More Information, Please Contact:
San Francisco Press Room: +1 415–772–5422 (April 21 - April 23, 2010)
Rebecca O'Neill, ISDA London, +44 203 088 3586, email@example.com
Cesaltine Gregorio, ISDA New York, +1 212-901-6019, firstname.lastname@example.org
Donna Chan, ISDA Hong Kong, +852 2200 5906, email@example.com
ISDA 2010 Operations Benchmarking Survey Highlights Improvements in Post-Trade Processing
SAN FRANCISCO, Friday, April 23, 2010 – The International Swaps and Derivatives Association, Inc. (ISDA) released the results of the 2010 Operations Benchmarking Survey today at its 25th Annual General Meeting in San Francisco.
The Survey shows the results of industry investment in infrastructure over the past several years. The confirmation process, for example, has been automated to the point where 99 percent of eligible credit default swaps are confirmed electronically, compared with 95 percent last year. Similarly, 77 percent of eligible interest rate derivatives are confirmed electronically compared with 61 percent last year.
Infrastructure improvements are also refle