Help Us Help You! Take the Operations Survey!

September 28, 2017 - In order to help us to serve the loan market, the LSTA embarked on an Operations Survey this week to gain a better understanding of our members’ views on existing and future market technologies – and to determine where we should target our efforts.

To emphasize the importance of accurate data, we asked our operations professionals a variety of questions relating to position reconciliation, FpML messaging and blockchain/distributed ledger technologies (DLT).   For example, do you use a platform to verify positions or do you reconcile against agent bank notices?  As a lender, how often do you reconcile – as an agent how often do you post to the platform?  (In other words, are you reactive or proactive?)  Do you send and receive FpML messages?  As a receiver of information, is there a plan to consume these messages systemically into your system without the manual rekeying of data?   Do you understand blockchain / DLT and how it would impact loans?   In all these areas, what benefits do you see, what challenges do you anticipate?  

If we understand one another’s challenges and work together to overcome them, these technologies could be a win for all parties involved:  agents (internal and outsourced), lenders, custodians and middle office service providers.  

It is our belief that responding to the questions will be beneficial to both individual institutions and the loan industry; responses and ideas will help us improve the evolution of our market.  Our goal is that each member institution will participate.  Keep in mind that all responses will be confidential; we will summarize the results and make them available to the full LSTA membership on an aggregate basis.

If you would like further information or to participate in this survey, please contact [javascript protected email address].

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