If you have any outstanding OTC derivative transactions relating to Russian assets or the Russian Ruble (RUB), these trade confirmations may reference a settlement rate that is quoted by the Moscow Exchange, which is commonly abbreviated as MOEX. If so, these...
In the fast-paced world of investment firms, effective contract management is paramount. With numerous vendor contracts ranging from data providers to expert networks, the accumulation of contracts without a structured management system can lead to...
What is a Side Letter?In private funds, side letters supplement the limited partnership agreement, which outlines the essential terms and conditions governing the investment vehicle, including the roles and responsibilities of the general partner, who manages the...
An investment firm’s vendor agreements and relationships are a core component of its success. Your vendor services agreements should be monitored for possible upgrades as your firm evolves. Below is a guide to understanding when and why you may be entitled to upgraded...
Overview:We have seen a growing trend among market participants in the repo market, with many opting to integrate the Fixed Income Clearing Corporation (“FICC”)’s Sponsored Service into their existing bilateral repo arrangements. Through this Sponsored Service, FICC...
Contracts such as Prime Brokerage Agreements and ISDAs form the backbone of an investment fund’s trading and financing relationships with banks and dealers. As your firm evolves, various factors can justify a review and potential upgrade of these contract terms....
Onboarding a counterparty can often feel like a slow and cumbersome process. Understanding why it takes time and knowing how to expedite it can make a significant difference. Let’s delve into the reasons behind the delays and explore some strategies to streamline the...
"Dear DTCC GMEI Clients, Please be informed that effective 27th July 2023 at 5pm EDT, Business Entity Data B.V. (a service of DTCC) has terminated all of its LEI services. Business Entity Data B.V. will retire its Global Markets Entity Identifier (GMEI) utility by...
