ISDA Amends Novation Process

Robert Pickel, ISDA

The International Swaps and Derivatives Association intends to streamline the novation process for credit derivatives trades through the introduction of an automated, one-step method for counterparties to provide consent and confirmation.

The new project, the Credit Consent Equals Confirmation process, launches on 30 September.

"The result of the Consent Equals Confirmation initiative will be an enhanced automated process that will improve accuracy and facilitate same-day processing, thereby red

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