ISLA publishes settlement survey results
25 April 2018 London
Image: Shutterstock
The International Â鶹´«Ã½ Lending Association (ISLA) has published the results of a settlement survey that it has undertaken with a number of its member firms.
The association said the aim was to understand how the market undertakes pre-matching and manages loan settlements, and whether the adoption of a best practice could help post-trade efficiencies.
ISLA said it believes that increased efficiencies in these important processes could aid the successful production and matching of Â鶹´«Ã½ Financing Transactions Regulation reporting obligations and mitigate some of the economic impacts of Central Â鶹´«Ã½ Depositories Regulation.
According to ISLA, the survey revealed some clear trends and areas, which can be focused on to help improve processing and that it will thus be forming a working group formed from volunteers from the survey responses and representatives from its executive operations group firms.
That group will set out to consider a standardised approach to managing standard settlement instructions, to consider how to promote automated pre-matching and to consider available functionality shortfalls.
It will also be tasked with developing market guidance to promote manual pre-matching processes where required.
The association said the aim was to understand how the market undertakes pre-matching and manages loan settlements, and whether the adoption of a best practice could help post-trade efficiencies.
ISLA said it believes that increased efficiencies in these important processes could aid the successful production and matching of Â鶹´«Ã½ Financing Transactions Regulation reporting obligations and mitigate some of the economic impacts of Central Â鶹´«Ã½ Depositories Regulation.
According to ISLA, the survey revealed some clear trends and areas, which can be focused on to help improve processing and that it will thus be forming a working group formed from volunteers from the survey responses and representatives from its executive operations group firms.
That group will set out to consider a standardised approach to managing standard settlement instructions, to consider how to promote automated pre-matching and to consider available functionality shortfalls.
It will also be tasked with developing market guidance to promote manual pre-matching processes where required.
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