Risk

The Profit and Loss Equation in Compressions | A Short Video

+0
20 Views

This video explains “Realised” and “Unrealised” profits and losses, key concepts in derivatives trading. Furthermore, this equation drives portfolio compressions.

Share
Category

Bilateral Posting of Initial Margin En Vogue Ahead of Regulation

+0
16 Views

Risk.net reports that a number of large derivatives dealers, including Bank of America, Barclays, Deutsche Bank, UBS and Citi, have started posting bilateral initial margin between each other.

These lump sums appear to be:

Share
Category

Secretive start-ups eye uncleared OTC risk reduction | Risk.net

+0
6 Views

Whilst much of the attention has been on CCPs, in the background new services are emerging to respond to the coming increase in cost and margin for un-cleared OTC business. Risk provides a brief insight into two particular firms, one in the UK and one in the US which aim to provide a wholly new approach to processing OTC business.

Share
Category

EMIR Self-Reporting for Non-Financials. Is this really an option?

+0
27 Views

The funny thing about this regulation is that we all strive to comply with it while its timelines and standards are still evolving. This really feels as if we're shooting at a moving target yet this is no excuse for delays should we wish to ensure compliance.

Share
Category

Remembering Lehman: CCPs hardwire collapse into models - Risk.net

+0
18 Views

Does anyone remember Lehman? The market scenarios from Autumn 2008 built into many CCP IM models will now begin to drop out, reducing IM requirements for some products.

Share
Category

Futures reporting delay "will not take place" says EC's Pearson - Risk.net

+0
14 Views

As hinted at yesterday, it appears that the only option available to delay ETD reporting is for ESMA not to approve any TR until the many data format and structural issues are resolved.

"The decision has been taken that the deferral Esma suggested will not take place. ESMA is now engaged - and, I think, working - on a set of clarifications for the industry, through FAQs, to ensure the guidelines and guidance is out there as soon as possible for industry to start working on its systems," said Patrick Pearson

Share
Category

The Latest Developments in Clearing | A Risk Video Broadcast

+0
3 Views

I have to trumpet about the next Risk video 'webinar' as I'm part of the panel in the event. We recorded the video last week, and had a good long chat about many aspects of clearing and the future. Nick Sawyer the Editor of Risk moderated the discussion, in addition to myself, on the panel were:

  • Lee McCormack, Client Clearing Business Development Manager, Nomura
  • Ricky Maloney, Co-Head of Service Delivery, Ignis Asset Management
  • Steven French, Director of Product Strategy, Traiana

Date: 21st August 2013 Time: 09:00BST

Share
Category

Dealers ask Esma to bless Lsoc-based clearing - Risk.net

+0
6 Views

Tom Osborn at Risk covers the continued push by dealers to open the door to an ISA model which allows for a single collateral account (rather than one per ISA), keeping operations simpler and cheaper for the Clearing Members, and ultimately the Clients of CCPs:

Share
Category