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Markit Rcd Calculator

Concept of Markit Rcd Calculator in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An industry tool which enables calculation of asset backed CDS trades for all monthly settlements within two business days of bond payment date, taking into consideration asset components such as interest shortfalls, principal shortfalls, writedowns and all reimbursements. The RCD calculator engine simplifies complex settlement calculations and reduces failure rates with payment matching and clearing.

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• Derivatives Contract