GlobeOp creates automated buy-side payment matching link to DTCC

GlobeOp Financial Services has launched an automated buy-side payment-matching link to the Depository Trust & Clearing Corporation's (DTCC's) payment reconciliation service for OTC credit default swaps. The service is offered through DTCC's Deriv/Serv subsidiary. According to GlobeOp, its electronic link, GoPayments, increases process automation, which helps to increase efficiency while reducing credit derivative traders' operational risk associated with manual payment matching.