If there is a consistent lesson over the brief history of the CDS market, it is to expect change and fast! From the evolution of single name Credit Default Swaps (CDS) in the mid 1990's to the launch of synthetic CDO's in the early 2000's, to the explosion in index trades in 2004, the evolution of CDS has happened at breakneck speed. The idea that this type of breakneck pace of product innovation can be met by throwing bodies at the problem is unrealistic at best. T-Zero® allows valuable resources on both the buy-side and the sell-side to move off of the time-consuming activities of chasing allocations and novations for standardized products to move onto newly arising issues like complex equity derivative transactions, bespoke tranche confirmations, and other complex structured product trades. For the buy-side, integration to other providers allows for more seamless straight through processing.

• T-Zero® handles all tasks for standardized CDS products
• Operational assets are able to be re-directed toward complex issues
• Seamless STP for the buy-side across applications

Benefits: Reduce Risk | Reduction of Cost | Improved Client Services