60% of equity derivatives are not eligible for electronic confirmations*
New York, NY (PRWEB) March 10, 2010
Equity swaps offers depth to the market, enabling institutional and retail players to get synthetic exposure to physical equities without owning them. The Bank for International Settlements study in June 2009 reported that equity-linked OTC derivative had a notional value of $6.6 trillion by Dec 2009 – which is almost 6 times the corresponding figure from December 2008. Due to their customized nature, OTC equity derivatives products are more complex than their credit & interest rate counterparts and their processing is fraught with challenges. In the aftermath of credit crisis, industry players have come together to increase electronic confirmations and transparency in reporting by building a central repository of OTC trades. Adopting a phased approach, the industry has committed various deadlines and targets to the Fed. E.g. setting up a trade repository for OTC equity derivatives by July, 2010.
Join Headstrong (http://www.headstrong.com), as we discuss and debate the various issues and challenges faced by the industry in the processing of equity swaps. The webinar will outline the challenges faced by the firms in processing of equity swaps and will discuss strategies and best practices to streamline the same which in turn can assist firms reduce cost of compliance and operations . Topics will include a review of the regulatory landscape, key implementation challenges and risks associated with equity swaps processing, and proven approaches designed to address these challenges and risks.
The webinar will feature Vinod Jain, Business Specialist in the Derivatives Domain Practice at Headstrong. He specializes in business processes, change management and IT consulting for middle office and back office derivatives processing. He has worked extensively with buy side as well as sell side firms in Europe and US (including Bank of America Merrill Lynch, Credit Suisse, New York Stock Exchange and Bank of New York Mellon to name a few). Vinod analyzes industry trends and events through his research articles and webinars.
Date: Thursday, March 11th, 2010
Time: 11:00 AM – 12:00 Noon EST
Charges: Free of cost, prior registration required
*Source:: ISDA Operations Benchmarking Survey for 2009
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