A group of banks have signed up to a consortium to sponsor & guide development of clearing for OTC products with Hong Kong Exchange. Press Release here
The JV between DTCC & Markit which combined the original confirmation / affirmation business of SwapsWire & DerivSERV has now become solely owned by Markit.
We have all heard the adage “a picture is worth a thousand words”, well today I am going to postulate that "a chart is worth a hundred words or more” and also “a chart is a hundred times quicker in conveying key information”.
As SEF rules will come into force later this year, CreditLink by Traiana and
Some interesting analysis on the demise of MF Global: http://dealbreaker.com/2013/04
If you have some rate swaps sitting idle, why not use the new service from SwapClear to check whether they are mandated for clearing? Click here
The story below reported at the Investment and Pensions Europe website relates to this PDF Capital Treatment for Exposure to CCP Default Funds (post
Putting a spotlight on the challenges presented by Initial Margin algorithm changes at SwapClear and Eurex In recent months, both SwapClear and Eurex have indicated that they will overhaul their margining algorithms, posing signif
A new report is out on the Financial Transaction Tax (FTT) and its impact on corporate and sovereign debt, written by London Economics on behalf of the Regulatory Strategy Group (RSG) and sponsored by the City of London. You can either get the pdf
A paper for the quants, about how markets behave in a low interest rate environment, and how this relates to VaR, and therefore margin exceptions in clearing (or outside for that matter).
A note from LCH below explains that they intend to complete the process of aligning the default fund of each clearing business vertically, and end the horizontal approach of having a general default fund.
LCH published a member note (here) regarding "invoicing back" which is component of resolving a default.
Insight have built their own legal framework to give their customers the best possible service once in clearing, read about it over at Derivsource.com.
The post below is a trailer for a paid report, which itself looks interesting, but you need to be a subscriber.
I really don't know what happened on April 1st but a whole lot of fake posts reached the site, it's a mystery. Apologies to anyone who saw the stories below and might have used them believing them to be legitimate.
From DP: One key provision of the Dodd-Frank Act requires reporting of swap transactions. The Commodity Futures Trading Commission has finalized detailed regulations in this area that are being implemented in phases.
Global Futures Volume Report | OTC Clearing and Regulations. See page 22 of the PDF for volume change by exchange, quite interesting.