The International Securities Association for Institutional Trade Communication (ISITC) has published the new best practices document titled “ETD and Cleared OTC Margin Call and Communication Standards and Settlement Processing.” This document was created in response to increased margin calls across all collateralized products. ISITC’s Margin and Collateral Working Group and the Securities Industry and Financial Markets Association (SIFMA)’s Asset Management Group (AMG) collaborated to develop the guidance about streamlining processing and data standardization to manage liquidity and collateral more efficiently.
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