GlobeOp offers funds auto-novation processing

GlobeOp Financial Services, a provider of business process outsourcing, financial technology services, and analytics to hedge funds and traditional asset managers, has announced the availability to its clients of automated novation processing for credit derivatives. Auto-novation enables counterparties to receive real-time notification, standardised information, and novation consent electronically via the DTCC's Deriv/Serv platform. Through GlobeOp's direct, real-time link to the DTCC, clien