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Rocket

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Downloadable PDF Editions

Click the cover to visit each download page

Edition 8

Edition 9

Edition 10

 

Edition 7

Special Edition On Margin

Edition 6

Edition 5

Edition 4

Edition 3

Edition 2

Edition 1

Rocket - Edition 10

The downloadable PDF edition is on this page (look for the attachment)

Regulation

Legal

Clearing

Collateral Management

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

Operations

  • Ask not for whom the bell tolls, it tolls for thee!: Andy Whiteley
  • The route to zero touch STP: theISDA common domain model: Bill Hodgson

Other Articles include:


Rocket - Edition 9

Within Rocket 9 (click here to download the attached PDF) are four well thought commentary pieces on the state of uncleared margin which give you more ideas on how to comply and how to think long term about your business lines subject to margin.

Collateral Management

  • Get Ready - A $13 billion Collateral Headache is Heading in Your Direction: by Peter Farley
  • Buyside Challenges: start of a seismic shift to a new era?: by John Lund
  • The Collateral Cliff Edge – Variation Margin on the Brink: by Phil Langton
  • Margin Requirements for Uncleared Derivatives Update: by Nick Stafford

In addition, we recently ran a webinar with Axiom Law on the same topic. Axiom have 300 staff working with banks to meet the March 1st deadline, so have direct experience of the 'battlefield'. We had two senior guest speakers from Standard Chartered (Kurt Crommelin, Head of Legal, Financial Markets for Europe) and Société Générale (Gerard de Lambilly, Global Head of Legal for Prime and Securities Services). Browse the video from the webinar here, it has a list of key time points so you can dip into the relevant sections.

Other Articles include:

    Regulation

    Trading

    • Identifying Liquidity Risk for Financial Stability: by Sol Steinberg

    Post Trade

    • Start Making Sense of The Data: by Jenny Nilsson
    • The Absence of Cash is the Silent Assassin!: by Andrew Whiteley
    • Navigating the waters of EMIR, MiFIR, and SFTR: by Alan McIntyre
    • How do financial regulations impact clearing and margining in energy and commodities?: by Aviv Handler

    Clearing


    Rocket - Edition 8

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents. To receive printed copies of future editions of the magazine, you must ensure your address is up to date, and that you have subscribed through the shop if you do not usually receive a free copy.

    To double check your address, or update it, visit your Account via the home page (or use the Register page first if you haven't already):

    1. Visit the home page
    2. Click Account (in the middle of the row of black buttons)
    3. Click Edit Profile (in the row of buttons at the top)
    4. Click Reader (top right)
    5. There you can see your profile, with a box for your address - complete it accurately, and click Save

    OTC Space

    Regulation

    Legal

    Trading

    Clearing

    Technology

    • The increasing adoption of ISO 20022 in European transaction reporting: by Alan McIntyre
    • The Culture of Transformation, or Transformation of the Culture?: by Peter Farley

    Risk Management


    Rocket - Edition 7

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents. To receive printed copies of future editions of the magazine, you must ensure your address is up to date, and that you have subscribed through the shop if you do not usually receive a free copy.

    To double check your address, or update it, visit your Account via the home page (or use the Register page first if you haven't already):

    1. Visit the home page
    2. Click Account (in the middle of the row of black buttons)
    3. Click Edit Profile (in the row of buttons at the top)
    4. Click Reader (top right)
    5. There you can see your profile, with a box for your address - complete it accurately, and click Save

    OTC Space

    Regulation

    • MiFID II Data Quality and Reconciliation: Urgent Preparation Needed: by Patrick Thornton-Smith
    • A Systematic Approach to Staying Ahead of Regulations: byLloyd Altman
    • Banks Express Near Universal Concern About Their Ability to Meet the Bilateral Margin Deadlines, an Axiom survey reveals: by Barry Quinn
    • Dealing with Regional Regulations in Global Markets: The Role of the OMS: by George Bollenbacher
    • Challenges of the Insolvency Regime for Central Counterparties: by Ligia Catherine Arias-Barrera

    Legal

    • Time for an Industry Legal Documentation Utility?: by Akber Datoo
    • The ISDA WGMR Documentation Exercise for Bilateral Uncleared VM and IM: by Peter Ten-Broeke

    Trading

    Risk Management

    • Arbitrage and the Leverage Ratio, How to Make Compression Work: by Amanda Cai

    Post Trade

    • The European Energy and Commodity Reporting Infrastructure: by Aviv Handler

    Rocket - Special Edition on Collateral Management and Margin Platforms

    On the 7th April 2016, The OTC Space and The Field Effect hosted a 'breakfast briefing' in the centre of Canary Wharf, 35 floors up with bright spring morning views. We produced a special edition of Rocket Magazine for this event, which one recipient called 'the bible of margin activity', which may be an over statement, but it's a useful snapshot of the latest services.  The contents includes:

    • Collateral Hurdles: Understanding Regulatory Challenges and Industry Solutions (Bill Hodgson and Nick Stafford from The Field Effect)
    • Margining and Collateral: The New Operating Model (David Field and Nick Stafford from The Field Effect)
    • The Game Change for Collateral Management (David White, TriOptima)
    • Beyond Standard Two-Way Margining (David Maloy, COO NetOTC)
    • Are You Ready For Uncleared Derivatives Margining (Banu Apers, Clearstream)
    • The Future of Collateral Management (Karl Wyborn, CloudMargin)

    This publication is the most up to date picture of what the latest Collateral platforms are offering. This item is an electronic PDF version of the magazine, which will be delivered to you by email. The PDF is formatted in landscape to fit your computer or tablet screen comfortably.


    Rocket - Edition 6

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents. To receive printed copies of future editions of the magazine, you must ensure your address is up to date, and that you have subscribed through the shop if you do not usually receive a free copy.

    To double check your address, or update it, visit your Account via the home page (or use the Register page first if you haven't already):

    1. Visit the home page
    2. Click Account (in the middle of the row of black buttons)
    3. Click Edit Profile (in the row of buttons at the top)
    4. Click Reader (top right)
    5. There you can see your profile, with a box for your address - complete it accurately, and click Save

    OTC Space

    Regulation

    • Considerations for EMIR Category 2 entities: to front-load or back-load?: by Jaki Walsh
    • Selected regulatory deadlines: by Bill Hodgson
    • Anti-abuse legislation hits energy and commodity trading: by Aviv Handler
    • European Open Access: The Reality: By Bill Hodgson

    Legal

    • ISDA Protocols: Turning rockets of remedy into weapons of mass data destruction?: by Akber Datoo

    Trading

    Clearing

    Capital

    Risk Management

    • Initial Margin on Uncleared OTC Derivative Trades: The ISDA Standard Initial Margin Model ("SIMM"): by Peter Sime

    Technology

    • Improved banking profitability hinges on IT transformation: by Peter Farley
    • Blockchain for traditional markets: hype, enhancement, disruption?: by Sergei Mayorov
    • Why data harmonisation is key to efficient and effective Trade and Transaction Reporting: by David Farmery
    • Climbing the regulatory reporting mountain: by Marc Gratacos

    Management


    Rocket - Edition 5

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents. To receive printed copies of future editions of the magazine, you must ensure your address is up to date, and that you have subscribed through the shop if you do not usually receive a free copy.

    To double check your address, or update it, visit your Account via the home page (or use the Register page first if you haven't already):

    1. Visit the home page
    2. Click Account (in the middle of the row of black buttons)
    3. Click Edit Profile (in the row of buttons at the top)
    4. Click Reader (top right)
    5. There you can see your profile, with a box for your address - complete it accurately, and click Save

    Articles Include:

    • Fundamental Review of the Trading Book: by Michael Bryant
    • Almost there? A bumpy road to the margining regime for non-centrally cleared derivatives in Europe: by Silvia Devulder
    • Compliance is a Journey, not a Goal: by Bill Hodgson
    • Financial regulation of the energy and commodity trading sector - what is happening and what could it mean?: by Aviv Handler
    • EMIR Review: EMIR revisited or EMIR II?: by Peter Ten-Broeke
    • Equivalance: The Key to Global OTC Reform: by John Philpott
    • Booking structures: time for an update?: by Hamish Woodhouse
    • Enabling Product Innovation for Asset Managers through Derivatives Governance: by Geoff Cole and Jackie Colella
    • A Bridge Over Troubled Waters? Bringing derivatives under effective control: by Hugh Daly
    • Bilateral OTC margining: marathon or spint?: by David Field
    • Readiness for Mandatory Clearing (or maybe "Ready... Set...Go!"): by Jamie Gavin
    • CCP Notionals Scoresheet: by Amir Khwaja
    • Collateral management for the buy side: time to take control?: by Eléonore de Vial
    • Bilateral Margin Headache Solved: by James Cherry
    • Compressions: a controlled risk to improve the leverage ratio under Basel III: by Diana Higgins
    • How to Spot an A-Player in an Interview Process: by Daniel Halstead
    • Being your own coach: by Penny Davenport

    Rocket - Edition 4

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents and instructions on how to save your postal address into your profile.

    Articles Include:

    • Dealing with the ever-growing regulatory burden in capital markets: Michel Dorval
    • MiFID II: How to capitalise on the creative destruction of the status quo: Christian Lee, Debasree Bhattacharya & Damon Batten
    • REMIT: A whistle stop tour: Aviv Handler
    • SGX: Setting the pace in Asian Foreign Exchange: William Barkshire
    • CCP Notionals Scoresheet: Amir Khwaja
    • SEF's: Surprisingly Useful Despite Detractors: Sol Steinberg
    • Mandatory electronic execution: what's happening around the world?: Simon Maisey
    • What you need to know about CME-LCH Basis: Amir Khwaja
    • Margining rules: Is time still of essence?: Silvia Devulder
    • The SEC Weighs in on Swaps Reporting: George Bollenbacher
    • Choosing a Segregation Model at Eurex Clearing - key selection criteria: Byron Baldwin
    • Establishing a port in a storm...: Jamie Gavin
    • Pure Agency Client Clearing: Jon Skinner
    • When does it make sense to outsource?: Maurice Schuster, Thomas Schiebe, Chris Ekonomidis & Neil Wright
    • Conquering the cost conundrum: James Cherry
    • Revelation: the ISDA Master Agreement and Related Arrangements: Iona J. Levine

    Rocket - Edition 3

    The downloadable PDF edition is on this page (look for the attachment), the print edition was announced here with the contents and instructions on how to save your postal address into your profile.

    Articles (currently available online)


    Rocket - Edition 2

    Visit the Edition 2 page here: Downloadable PDF page

    Bookshttp://www.theotcspace.com/books 

    Sponsors:

    Articles (currently available online)

     


    Rocket - Edition 1

    Visit the Edition 1 page here: Downloadable PDF page

    Resources on-line in relation to the contents of the magazine. For feedback on the magazine or any articles, use the Contact Page.

    Page 3 - Event Calendar

    Page 4 - Contributors Profiles

    Can be found at: http://www.theotcspace.com/profiles-contributors

    Page 5 - Advertisers

    Page 11 - Authorisation Score Sheet

    Click here http://www.esma.europa.eu/page/Registries-and-Databases and look for the entry on CCPs and Clearing Houses

    Page 14 - Smooth Sailing Ahead?

    Page 16 - How Big is OTC Really?

    Latest update on the OTC Market size: http://www.theotcspace.com/2014/03/13/how-big-otc-really-part-2-otc-shrank-20-h1-2013

    Page 18 - CCP Winners and Losers

    Latest here: http://www.theotcspace.com/2014/06/04/emir-progress-report

    Page 20 - The Indirect Cost of Central Clearing

    Clearing Brokers

    CCPs

    Page 38 - Deliverable Swap Futures - The Next Big Thing?

    CME DSF Volumes: http://www.cmegroup.com/trading/interest-rates/dsf-volume-and-oi-tracker.html

    Articles (currently available online)

     

    Printed Copies

    To receive a printed copy of Rocket when each new edition is released, please make sure your up-to-date address is saved in your profile:

    1. Visit the home page
    2. Click Account (in the middle of the row of black buttons)
    3. Click Edit Profile (in the row of buttons at the top)
    4. Click Reader (top right)
    5. There you can see your profile, with a box for your address - complete it accurately, and click Save