Friday, September 30, 2005

Standard Settlement Instructions (SSI)

Looks like I might need a refresher on Standard Settlement Instructions (SSI). I haven't worked with these beasts since I was doing FXNet for Citicorp. Here is a brief document:

http://www.isda.org/c_and_a/pdf/SSI-Best-Practice-Statement.pdf

ISDA is the International Swaps and Derivatives Association, and is the organization that governs the trading of credit derivatives. You'll be sure to hear more about ISDA in future installments.

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