Electronic Trade

This Issue in United States

T-zero

Concept of T-zero in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An electronic trade affirmation tool used to communicate and enrich credit default swap trade information between dealers and clients. T-Zero™ electronically transfers the actual trade record from the trade capture system of the dealer to the client who affirms or rejects the trade. Fund managers use T-Zero™ to allocate trades across multiple funds which enables accurate trade capture in the dealer’s system at the fund level. T-Zero™ supports novation processing in compliance with the ISDA (International Swaps and Derivatives Association, Inc.)novation protocol and has functionality for real time trade submission to Deriv/SERV.

Resources

See Also

• Derivatives Contract