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Legally confirm over-the-counter (OTC) derivative trades through matching or affirmation using the MarkitSERV platform.
MarkitSERV Services
MarkitSERV supports legal confirmation through matching or affirmation. Matching occurs when both sides of a trade are uploaded, compared and matched to each other. Affirmation occurs when one party uploads a trade which is viewed and agreed (affirmed) by the other party.
MarkitSERV supports electronic confirmation of a wide range of products across a number of asset classes – credit, interest rate, equity and commodity derivatives.
Two confirmation services, MarkitSERV DSMatch (previously Deriv/SERV Confirmation and Matching) and MarkitSERV MarkitWire, are now managed together.
Buy side Buy-side clients wishing to affirm trades through point-and-click screens can access all MarkitSERV’s confirmation services through a single sign-on portal, using the same user ID and password for all services.
Buy-side clients wishing to upload trades for central matching can use MarkitSERV Trade Manager’s easy-to-use spreadsheet upload tools or can use a programmatic interface to upload data in FpML format.
For electronically ineligible trades, MarkitSERV Trade Manager also offers electronic workflow tools to manage the internal confirmation review process and counterparty distribution for disputed or executed confirmations. |
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