Great write up for the site: It’s all geek to me: The OTC derivatives swamp | Dialogue.
ICE CLEAR EUROPE TO INTRODUCE CLIENT CLEARING FOR INDEX AND SINGLE NAME CDS ON OCTOBER 7, 2013; OVER EUR 12 TRILLION IN EUROPEAN CDS CLEARED TO DATE via Intercontine
Conclusion of this two part regulatory thriller. Readers are invited to send in their diagrams of what the cleared OTC market might look like once CCPCCPs are introduced into the market.
Interesting commentary on combining futures into an OTC portfolio at CME
Commentary by SFM on a piece in IFR about the idea of processing OTC products in a non-CCP centralised platform with net margin.
If you are a regular reader and enjoy the materials provided here (completely for free), there are things you can do to support the site:
In advance of a longer piece, here's the links to presentations by the various CCPs on how their EMIR segregation models work:
Analysis from Finadium over at their SFM blog: Deliverable Swap Futures: are they living up to the hope and the hype
I keep seeing news stories on firms applying to be a SEF, here's the one's I've seen, send in any others and I'll add them.
You can tell the heat has gone on too long in the UK.... I'm looking forward to part 2. Deus Ex Macchiato » A summer daydream, part 1.
The latest chapter in the story of swap-futures is detailed in a Risk article potential tax issues fo
One of the challenges facing traders in the future OTC ecosystem is the greatly increased indirect costs of each trade. Markit have added to their front office "IRM" tool the ability to analyse a trade in terms of:
I was interviewed last week by TABB TV about Sapient's Cost of Clearing study.
It's probably by far the best presentation on trade reporting I have come across, at least until today.
Brilliant info-graphic on the engagement between many parties and the regulators over the last three years on the DFA.
My latest piece in FTSE Global Markets: Asset protection isn’t as simple as it seems - FTSE Global Markets
A new service from Thomas Murray aims to give firms choosing a CCP an insight into the underlying risks of the CCP itself, part of your due diligence process to justify whatever choice you make: