Nearly 2 weeks ago, Tullet Prebon announced their SEF filing with the CFTC, which inspired me to do some research into the SEF registrations to date.
Interesting commentary on the relative rates of growth in Client Clearing volumes at LCH and CME. Free with registration, or first click free.
Swap Data Repositories are required to publicly disseminate derivatives transactions in real-time, with real-time defined as "as soon as technologically practicable".
The text of footnote 15 (page 12) in the Summary Of The Proposal
It's out - follow the link below or click for the pdf to read the BIS / IOSCO requirements for margin on non-cleared OTC derivatives.
The agendas for this year's ISDA conferences look very interesting. Links can be found below:
This morning I came across the paper "A Bill of Goods: CCPs and Systemic Risk" by
LCH has just published a document which provides an overview of the models that, subject to regulatory and other approvals, they intend to introduce across all services provided by both LCH.Clearnet Ltd and LCH.Clearnet SA.
Since the finalisation of the SEF rules by the CFTC there has been a rush of activity by players to register as a SEF and gather support from dealers.
More details about a new entrant to the Collateral Management market are now available at their website below.
OMX put out a press release on their IRS volumes and revealed they have a healthy trade flow, plus they are providing their members with a cross-margining solution for IR products beyond anything on offer at any other OTC IRS CCP.
A new CPSS-IOSCO consultative report puts forward a proposal for using non-defaulting clearing members IM to cover losses at a CCP. D.E.M.
Those of you that read my blog post SDR, Block Trade Rule, 30 July Update will know that from 30th July, we moved from the interim
Feedback I've heard more than once is that non-US firms are avoiding trading with US firms as a strategy to avoid the CFTC Dodd Frank regulations. This story from Reuters provides flavour around that idea.
As an experiment I'm changing the timing of the daily email with the news summary to 8am UK time Mon - Sat to see if this suits readers more.