As buy-side firms and their service providers focus increasing
attention on post-trade processing of over-the-counter derivatives,
GlobeOp Financial Services has linked to Depository Trust & Clearing Corp.’s payment reconciliation service for credit default swaps (CDS).
GlobeOp, a London- and New York-based hedge fund administrator,
on April 30 announced that clients can use its GoPayments service to connect to the Pay-Rec module on DTCC’s Deriv-Serv platform. The link, says GlobeOp, will increase efficiency and reduce the operational risks of manually matching payments on CDS positions. |
