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ISSA OTC Trade Capture and Trade Confirmation WGBackgroundThe ISSA OTC Trade Capture and Trade Confirmation Working Group was launched as a successor to the ISSA OTC Derivatives Verification of Valuations WG which completed its work by publishing its final report in September 2008.Initial MandateTo develop minimum operating and data standards that would improve the efficiency in the trade capture and trade confirmation process for OTC derivatives transactions in key financial markets.ProgressAs part of gathering information and facts, the WG maintained a dialogue with various associations. It became clear that launching an ISSA initiative would duplicate industry-led efforts. ISSA therefore concluded that it would not seek to define operational solutions and/or standards as these are being worked on by associations like ISDA, SIFMA, ISITC and Managed Funds Association, to name a few.The working group therefore endeavoured to provide ISSA members with updates on progress made by the above associations and encouraged all ISSA members to provide input to these debates, to ask questions and/or to raise any concerns. > OTC Derivatives Information Sharing Platform Due to the lack of feedback received from the ISSA membership, the working group has in the meantime discontinued its work. > Members of the Working Group |
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