Search

ISLA logo

Disclosures

Disclosures

Counterparties should ensure certain levels of operational information are discussed and shared before beginning to transact with each other.

The following list represents an indicative grouping of data points which should be exchanged between new trading counterparts. It is recommended that notification procedures be arranged to ensure data is current.

Please note that to support SFTR, a counterparty questionnaire has been published by the SFTR Working Group that can be found under the heading of Questionnaires

• Governing E.g. legal documentation
• Collateral - E.g. schedule, type, margin, currency
• Markets to be traded - E.g. dividend rates, SSIs
• Billing - E.g. frequency, CCY, SSIs, margin
• Vendor platform functionality - E.g contract compare, billing, returns, marks
• Marking - E.g. frequency, rounding
• Returns - E.g. return restrictions, cut-off times

Please note that vendor solutions support many counterpart data points (above) and that trade parties should make others aware when these are use.
(IBP-110 UNDER ISLA REVIEW)

Close

Already a member? Login to your account

Interested in Becoming a Member?

ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.

Become a member today