The latest technology news from ISDA, Markit, Deutsche Börse, TriOptima and SunGard
and Markit launch Counterparty Classification Tool
Counterparty Classification Tool on ISDA Amend has been
launched allow all businesses to classify themselves according
to the EMIR taxonomy by answering a series of questions.
The tool has
been developed by the International Swaps and Derivatives
Association (ISDA), British Bankers Association (BBA) and the
Investment Management Association (IMA) and Markit.
and Markit launched ISDA Amend in August 2012, and it has
proven to be a hugely successful technology based tool that
automates the information gathering process and sharing of data
to counterparties required by both EMIR & Dodd Frank
regulation said David Geen, ISDAs General
addition to the ISDA 2013 NFC protocol, the Associations
responded to market demand to broaden the reach to enable
clients to classify themselves according to the EMIR taxonomy
and together produced the new EMIR Counterparty Classification
Tool on ISDA Amend.
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