In 2009, international leaders agreed that transparency and oversight of the OTC derivatives market was key to international financial stability. One of the goals was that OTC derivative contracts should be reported to trade repositories.
With the introduction of data repositories and reporting accuracy now in the regulatory crosshairs, the pressure is mounting for a cost effective, efficient solution for market participants to validate and align their data.
This white paper emphasizes that now is the time to address the extensive inaccuracies in data reporting to ensure data integrity. It further provides an elegant solution to the problem that leverages existing bilateral reconciliation processes and systems.