The International Swaps and Derivatives Association (ISDA) has released the Asia Pacific Portfolio Reconciliation Memorandum of Understanding (MoU), Mondovisione reports. The (MoU) has been published to promote portfolio reconciliation and reduce risk in the Asia Pacific region. The MoU is designed for Asia Pacific members to apply best practices and allows firms to identify and resolve discrepancies and risk exposures quickly and accurately. The ISDA Asia Pacific Collateral Management Operations Working Group drafted the MoU standards in 2010 with the support of the ISDA Collateral Steering Committee.
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