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Bus/Financial - Finance (general) / derivatives / exchange trading | | English term or phrase: confirmation backlogs | What's the Russian for confirmation backlogs:
Bank for International Settlements calls for action on confirmation backlogs...
confirmation backlogs may increase dealers� operational risks
Generally, the context refers to derivatives / exchange trading.
Thank you |
| Igor PopovKudoZ activityQuestions: 14 (none open) ( 3 closed without grading) Answers: 116
Russian Federation
| | Local time: 12:26
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| | Russian translation:Незарегистированные подтверждения сделок | Explanation:
Можно перевести как угодно,
Накопление незарегистрированных подтверждений сделок...
"After trading volumes grew exponentially between 2002 and 2005, the 14 largest credit derivatives dealers—including U.S. and foreign banks and securities broker-dealers—accumulated backlogs of unconfirmed trades totaling over 150,000 in September 2005. These backlogs resulted from reliance on inefficient manual confirmation processes that failed to keep up with the rapidly growing volume and because of difficulties in confirming information for trades that end-users transferred to other parties without notifying the original dealer. |
| Selected response from:
Irina Hood
United Kingdom
Local time: 08:26
| Grading comment Thank you very much.
4 KudoZ points were awarded for this answer |
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