STP For Risk Reduction Back in the Spotlight
"I think that the various systems of confirmation, affirmation and allocation today, are still cumbersome for an asset manager to have to deal with," says Fabian Vandenreydt, head of securities and treasury markets at Swift. "There are various ways of doing things ─ for some asset classes you do confirmation for one and affirmation for others, etc. We advocate making that simpler by having clear market practices and harmonizing the way people are supposed to deal with those things."
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