Swift Vies for Wider SwiftNet
"We're really trying to get clients to reuse the SwiftNet infrastructure that they have invested in," says Jay Martin, head of securities initiatives for the Americas for Swift.
Swift is working with the Depository Trust & Clearing Corp. (DTCC) to allow joint users to connect into Deriv/Serv services, which automate matching and confirmation for a range of over-the-counter (OTC) derivatives products.
The cooperative is also working with the International Swaps and Derivatives Association (ISDA) on
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