Business transactionsUpdated 7 July 2008
Derivatives
Confirmations of Interest Rate Derivatives trades are covered by standard messages exchanged between financial institutions, corporates and financial institutions, asset managers and brokers.
Contract Notifications of an Interest Rate Swap or of a Credit Default Swap contract may also be notified by an asset manager to a custodian.
Standard confirmation messages are available for Forward Rate Agreements, Single and Cross Currency Interest Rate Swaps, Interest Rate Resets and Payment Advices, Interest Rate Derivative Termination and Recouponing. Notification messages take place at allocation level. Events such as novations and terminations can also be communicated.
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