January 2016

'Events' Reduce Trading Costs and Maximise Profitability with Flexible Multi-Curve Construction: Complimentary Seminar 25 January 2016 | Samantha Hodgson

Join FINCAD’s Richard Weeks, PhD and Phil Hermon, Director of OTC Products at CME Group for a seminar on building models for accurate valuation and understand how to improve derivatives pricing precision under a multi-currency framework with practical examples.

'Articles' EurexOTC Clear Expand Liquidity Fee Waiver Programme 23 January 2016 | Byron Baldwin

Eurex Clearing offers a new incentive programme "Expand Liquidity" which grants fee incentives to all Clearing Members and Registered Customers for their OTC Interest Rate Swap business.

'News' Miranda Brawn elected to be a fellow of The Royal Society of Arts (FRSA) 14 January 2016 | Miranda Brawn

Miranda Brawn (banker, barrister, business and diversity leader) has been elected a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA). It is more commonly known as the Royal Society of Arts or RSA. This is in recognition of her outstanding contribution to community work and diversity in the UK.

'News' Banque Cantonale Vaudoise selects Message Automation to support Finrag Trade Reporting 11 January 2016 | Hugh Daly

London, 11 January 2016 - Message Automation (MA), the leader in Post Trade Control solutions for derivatives, is pleased to announce that Banque Cantonale Vaudoise (BCV), one of the largest regional banks in Switzerland, is the latest firm to select MA to support their trade reporting requirements.

'News' Portfolio Compression Breaking into Swaptions 11 January 2016 | Diana Higgins

BGC Partners and Capitalabs announced they removed €800 billion notional in th

'Events' OTC Derivatives Summit Asia 11 January 2016 | Samantha Hodgson

This exclusive one-day educational summit will bring together regulators, risk & compliance executives, clearing brokers and exchanges as well as related industry professionals to explore the latest challenges and developments around Clearing Models, CCP Risk Management, CVA Trading, Enterprise Collateral Management and Fundamental Review of Trading Book.

'News' Miranda Brawn - Future Leaders in Business Scholarship 08 January 2016 | Miranda Brawn

Miranda Brawn makes pledge to help the next generation of BAME’s in the UK become future leaders in Business to help increase race diversity & equality

'Articles' A Year of CFTC Fines 07 January 2016 | ClarusFT Feed

aka How to solve the CFTC budget crisis.

'Events' New training course: OTC margin and the true cost of clearing 06 January 2016 | Mas Nakachi

Central clearing and bilateral margining for OTC derivatives have a significant impact on both valuation and risk management. With the mandatory clearing deadlines now less than a year away, this training course is for practitioners keen to understand more about the quantitative impact of these changes, with a particular focus on Interest Rate products.

'Articles' Cross Margining of Listed Derivatives and OTC IRS & CCP Cleared IRS Switches - An Analysis 06 January 2016 | Byron Baldwin

With the mandatory OTC Clearing timetable now finalised for Europe by ESMA, focus will now feature on the efficiencies of each CCP IRS offering and CCP IRS Switches will undoubtedly increase as Banks seek to minimise capital and funding costs via reduced initial margin requirements, default fund contributions and capital regulatory requirements.

'News' CCP Conundrums: LCH.Clearnet White Paper 04 January 2016 | Bill Hodgson

The shifting capital, regulatory and industry landscape has created some unexpected consequences for CCPs. In LCH.Clearnet’s latest white paper, they examine the impact of these challenges on institutions in this new market paradigm.

'Articles' PRISMA Margin Estimator (PME) 04 January 2016 | Byron Baldwin

In order to provide our Members and clients with most effective tools to estimate margin requirements, to execute portfolio optimizations or to decide on a clearing venue in general, we partnered with OpenGamma to create a new on-premise margin calculation solution.

'News' Risk Reduction when Settling Cross Currency Swaps 04 January 2016 | Bill Hodgson

Currency Swaps settlement can involve very large payments leading to settlement risk - an innovation from Markit and CLS aims to eliminate aspects of this.

'News' OTC Clearing in Poland Steps Forward 04 January 2016 | Bill Hodgson

News from the Polish CCP KDPW

'Articles' Segregation of initial margin (IM) for non cleared derivatives, legal considerations 04 January 2016 | James Cherry

As a result of the turbulences caused by the global financial crisis, regulators worldwide increasingly focus on derivatives markets. Given the enormous risks posed by the unregulated off-exchange (“over the counter”/ OTC) market, there is a growing recognition that greater transparency in exchange trading significantly contributes to the future stability of the international financial markets.

December 2015

'Articles' Lessons from Time Travel and the New Year's Resolutions in Finance and Risk 27 December 2015 | Diana Higgins

This article looks into some of the tasks performed in risk and in finance related to collateral and risk management that may be delivered by one team or the other. Diana proposes a principle to define the border line and to identify the personalities that may enjoy being in one team or the other.