The Global Fix for OTC Trade Reporting

In an announcement from ISDA, a wide range of trade associations have put forward a framework of principles to guide the development of a better approach to trade reporting. In summary these are:

CCP Feature Comparison Matrix | SIFMA AMF

I am quite swamped these days trying to gather all sorts of data on CCPs and their offerings and to my surprise I came across this pretty useful matrix in XLS format, a comparison analysis actually, on this page on the SIFMA site under the heading "Central Clearing Counterparty (CCP) Matrix" . It is supposed to be a tool for asset managers but I would say it can prove very helpful to all Buy - Siders. 

Buy Side Backs Bloomberg Margin Request | Makes No Sense

All this debate on the appropriate holding period for futures, swaps or their hybrids, would be avoided if the CFTC and other regulators developed an approach that obliged each DCO (CCP) to provide empirical evidence for the product and market they wish to clear. This evidence would include trading data, portfolio data from market markers, the default process description, and dry runs of the default process off-line.

The week that was (issue of 29 April 2013)

Dear all, Highlights from last week include:

MacIRS: SIFMA/ISDA standardized swaps initiative

The following articles describe the announcement made by ISDA and SIFMA jointly at the Singapore ISDA meeting today: Risk.net article (subs), Bloomberg article, SIFMA piece.

The week that was (issue of 22 April 2013)

Dear all, Highlights of last week include:

ISDA, IIF, AFME and SIFMA Blast Proposed Margin Rules

A letter from the above four trade associations spells out the consequences on imposing Initial Margin requirements on un-clearable OTC products. The letter was sent to the Chairman of the BIS Stefan Ingves, Mark Carney at BoC, William Dudley at the New York Fed, Greg Medcraft at IOSCO and Paul Tucker Chairman of the CPSS. Some quotes below: