For people with very large data sets who need to use VLOOKUP, this trick could transform the time it takes you to recalculate the spreadsheet
As of this month we now have more than 3,000 registered readers; It's been a busy year for the world of OTC derivatives, as it has also been for The OTC Space. Take a journey with us back through the most popular content of 2015, and revisit some of the 'best bits'.
Historically, collateral management has been a task that required complex infrastructure: initial margin value-at-risk (VaR) computations required a risk management system and extensive market data, OTC contract valuation required complex pricing capabilities, and margin call communication remained a very manual and time consuming process, using email and a fax machine.
A number of readers attending the Clearstream webinar about the mandatory margining regulation. The webinar is now available to download as a PDF, MP3 and video.
A whole year has gone by since the last time we had a party - the revellers ate and drank their way through the finest drinks and snacks known to man. Come along and help us celebrate our second birthday, and any relevant festival (such as Christmas) at Jamies.
The start of mandatory OTC Clearing in Europe has now been confirmed to begin for Category 1 participants on 21 June 2016. Who qualifies as Category 1?
Typically considered an instrument reserved for hedge funds and complex investment strategies, derivatives are becoming far more common today within investment portfolios and are increasingly desired by portfolio managers for exposure and risk management.
Find out more about the FIA Asia Derivatives Conference, being held in Singapore this month.
Firms will have to centrally clear certain classes of interest rate swaps starting from 21 June 2016.
It is over three years now that the European Market Infrastructure Regulation (EMIR) was put in place on 4 July 2012 as Europe’s response to the commitment expressed by the G-20 leaders at the Pittsburgh summit in September 2009 that all standardised OTC derivatives contracts (i) should be traded on exchanges or electronic platforms, where appropriate; (ii) be cleared through central counterparties by end-2012 at the latest; (iii) be reported to trade repositories; and (iv) with non-centrally cleared contracts to be made subject to higher capital requirements. The level 1 text of EMIR provides for a review of the regulation by the European Commission by 17 august 2015. A market consultation on the review of EMIR was completed on 13 August 2015.
4sight has created a collateral healthcheck tool that provides an initial starting point to benchmark your firm’s current state against market best practice.
Despite a gruelling meltdown in July, the FTSE China A50 Index is up 40% on a yearly basis (21 November 2014 -20 November 2015).
Join FOW for a day of debate and discussion on 8 December at the Grange City Hotel for "Derivatives World London: The Debates."
How time flies when you’re having fun... or waiting for clearing regulations to finally start. It seems Bruce Lee was right when he said, “If you spend too much time thinking about a thing, you’ll never get it done.”
Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, November 21, 2015
Since 2008, regulatory changes to prevent another crisis from occurring have been incrementally rolled out. The US is ahead of Europe with mandated clearing and electronic trade execution already in effect and with trade reporting a requirement in both jurisdictions. From September 2016, Europe will see the introduction of mandatory margining for non-cleared OTC derivatives. Only the largest dealers are in the first wave of firms impacted by the new requirements, but the scope broadens year on year out to 2019 to encompass a wide range of firms active in the OTC derivatives markets.