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Bilateral Margin

Collateral management implementation: business model and culture are important, too

The focus on collateral management by both the buy- and sell-side has been one of the most important process changes that have emerged from financial crisis regulation.

FCA issues FFX outlook- fog confirmed

The FCA have today issued their response to the ESAs 24 November FFX announcement. It is brief and is worth reading in full as a masterclass in ironic prevarication and understatement. Highlights below (emboldening is ours): “The amendments to the RTS should become increasingly clear over time and we would expect firms to make their […]

Margin on Physically Settled FX Forwards | Update from the EBA

An update from the ESAs on their intention to amend the European rules for margin on FX

FFX Margin - all that is solid melts into air

A brief spotlight through the fog swirling around the upcoming obligation to exchange margin on forward foreign exchange. There was a widespread, if only whispered, expectation that a 7/8 November ESMA Board of Supervisors meeting would result in an official announcement of forbearance. While the EU has no equivalent mechanism to the CFTC’s enthusiastic use […]

Understanding the changing landscape of collateral management

TriOptima Video

Watch our latest videos on the collateral management landscape, covering five topics. Jenny Nilsson and I discuss regulation, market readiness, the FX rules and more.

Rocket 10 Downloadable PDF Edition

The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 10 (in the attachments section below). Formatted in landscape to fit your computer or portable device screen, this edition contains inside information on what's happening in the industry. The PDF is attached below, and contains a great set of articles from previous and new authors.

Reducing counterparty credit risk in uncleared markets – but what are the costs?

An interesting viewpoint from staff at the Bank of England on the implications of margin on un-cleared portfolios and why achieving risk reduction benefits is all in the details.

ISDA MARGIN SURVEY 2017

Cleared IM and VM

A new ISDA survey explain the flows of margin for cleared and uncleared OTC products

ISDA SIMM 2.0 Released - Get Ready

Updated ISDA SIMM model coming later this year

VM Rules: Almost There

Six months ago, the industry was facing the possibility of real disruption. With the variation margin ‘big bang’ set for implementation on March 1, but with only a fraction of the necessary changes to documentation completed, there was a very material risk that a large part of the market wouldn’t be able to trade.

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