Northern Trust Increases Transparency into OTC Derivatives Instruments

Northern Trust Increases Transparency into OTC Derivatives Instruments

Northern Trust announced today it has introduced a new ad hoc query that gives clients access to more detailed information on the Terms and Conditions of Over the Counter (OTC) derivatives instruments.

Available to both asset managers and asset owners via Northern Trust’s multi-faceted online platform, Passport®, the new Holdings – Derivatives Detail query includes new data elements that are specific to the Terms and Conditions that define the trades for over the counter swaps, credit default swaps, options and swaptions.

With the new tool, clients can enrich information extracted from Northern Trust’s reporting platform with Terms and Conditions for derivatives that aids reconciliation. From there clients will be able to aggregate the data from the Terms and Conditions with other characteristics, and position level information to track their true exposure to underliers of the derivatives. This information can be combined with exposure to other counterparties and issuers to show the client’s full exposure picture.

“Clients are seeking more transparency into complicated investments such as OTC derivatives,” said Debra Clayton, client reporting product manager for Northern Trust. “We have developed this query to make it easier for them to analyze and reconcile their derivatives positions at Northern Trust and get a better picture of their overall exposure.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2011, Northern Trust had assets under custody of US$4.2 trillion, and assets under investment management of US$644.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

Northern Trust Corporation
John O’Connell, +1 312-444-2388
John_O’Connell@ntrs.com
or
Camilla Greene, +44 (0) 207 982 2176
Camilla_Greene@ntrs.com
http://www.northerntrust.com