June 2013

'News' More Fixing Drama | The Race to Replace CHF TOIS 14 June 2013 | Ben Larah

The race is on to find a suitable replacement for the CHF TOIS fixing by 01 September, 2013.

'News' LSE to launch electronic swaps trading venue | SEF and OTF? 14 June 2013 | Bill Hodgson

Hot on the heels of the MifiD OTF announcement, LSE are intending to get into electronic trading of Interest Rate Swaps, cleared at SwapClear. The service should go live in Q4 this year.

'News' OTFs are Go | But is a SEF = an OTF? 14 June 2013 | Bill Hodgson

According to reports from inside Europe, the concept and reality of an Organised Trading Facility (OTF) will become a reality under MiFID 2 in the medium term future.

'News' The New LIBOR Scandal? | WM/Reuters FX Fixings 13 June 2013 | Ben Larah

LIBOR. ISDAFIX. And now, from a different asset class; WM/Reuters (WMR). Fixing scandals are emerging one after the other. This week, informants announced that a systematic rigging of the WMR FX fixing rates was going on among the major banks.

'News' Pole Position in the New Swaps Market 13 June 2013 | Amir Khwaja

Interesting article in TabbFORUM, being ready to clear by June 10th is not the same as being ready to manage a cleared swaps portfolio.

'News' Mandatory Clearing, June 10, Day 3, Cleared Volumes Rise 13 June 2013 | Amir Khwaja

Following on from yesterdays article, I wanted to provide an update on Day 3, June 12.

'News' The Impact of the June 10th CFTC Clearing Deadline on Category II Firms 12 June 2013 | Amir Khwaja

Category II firms were required to clear Interest Rate Swaps from June 10th, as this deadline impacted a lot more firms than the prior March 11th deadline, I decided to look at what the DTCC SDR data shows, and whether the expected switch from Un-

'News' Obama to nominate Amanda Renteria to replace Gary Gensler as Chair of the CFTC? 11 June 2013 | Bill Hodgson

A breaking story is the potential nomination for Gary Genslers replacement as Chair of the CFTC.

'News' The 2013 Standard Credit Support Annex | ISDA podcast 11 June 2013 | Maria Leontiou

The 2013 Standard Credit Support Annex (SCSA) is now published following the ISDA Collateral Steering Committee's efforts for its development upon the request of the ISDA Board of Directors.

'News' Court throws out Bloomberg challenge to swap margin requirements - FT.com 08 June 2013 | Bill Hodgson

I think there's many will be disappointed this case didn't go further, it would have been illustrative to see whether BBG's lawyers could make an argument stick on how IM requirements are specified by regulators.

'News' Standard CSA to be Published Today 07 June 2013 | Bill Hodgson
'News' TriOptima will reconcile data from DTCC | WSJ 07 June 2013 | Maria Leontiou

TriOptima announced that it will support data verification and portfolio reconciliation of DTCC's trade repository data as requested by triResolve clients' for their OTC derivatives portfolios.

'News' Cleared CDS Index volumes rising ahead of June 10 date 05 June 2013 | Amir Khwaja

As we have just enhanced our SDR View tool to show Credit trades from DTCC DDR, I thought I would look into the CDS Index trading activity and how it had been impacte

'News' A European working day isn't what it seems 04 June 2013 | Bill Hodgson

In the webinar below the guys from DTCC clarify that a 'working day' at ESMA means a day on which none of the member states are on a public holiday - or conversely if any member state has a public holiday, ESMA doesn't count that as "working".

'News' Cost of Clearing | New Study 04 June 2013 | Ben Larah

A new Sapient Global Markets study analyses the costs of clearing due to mandatory central-clearing through CCPs.

'News' Update on ISDA Protocols | Dodd-Frank and the Law 03 June 2013 | Bill Hodgson

Useful roundup of the various legal 'protocol's being used to sort out compliance with the new regs. Update on ISDA Protocols | Dodd-Frank and the Law.  

'News' AIMA - Overlaps between EMIR and the Dodd Frank Act 03 June 2013 | Bill Hodgson

US DFA CFTC Addressing Overlaps Between EMIR and CFTC Derivatives Regulation, white paper via AIMA below. AIMA - Document Summary.