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Notifying a Counterparty Regarding Amended Status/ Valuations

Notifying a Counterparty Regarding Amended Status/ Valuations

There is no requirement to update trading the market that has been received from a custodian. Where a counterparty cancels a loan or return, vendor platforms should be used to advise the counterparty. Where it is not possible to use a vendor platform, there is a requirement to notify the counterparty directly that a transaction has been cancelled. Pre-matching and fails reporting between counterparties is recommended. Timing, frequency and responsibilities are to be agreed on a bilateral basis. (IBP-123 AGREED IN 2017)

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