Buy-Side Profile: STP & Credit Derivatives
Waters - March 2008
Tom Willoughby of European Credit Management is interviewed about his role focusing on improving processing at his London-based firm. Willoughby indicates his goal is achieving post- trade automation of credit derivatives trades. The story indicates that T-Zero® provides the "missing piece" in CDS processing. T-Zero® allows affirmation of trade details with counterparties before trades go to DTCC. Willoughby encourages industry participants to take advantage of appropriate technology to avoid unmatched trades.
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