October 2013

'News' Secretive start-ups eye uncleared OTC risk reduction | Risk.net 16 October 2013 | Bill Hodgson

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.

'News' Swap Margins Increase by 12% | CME Group 16 October 2013 | Ben Larah

CME group put an announcement on their website on O

'Articles' What the SEF Volumes show in Week 2 15 October 2013 | Amir Khwaja

In this article, we update the reported SEF Volumes in our previous article "What the SEF Volumes Show".

'News' USD Swap Prices on SEF platforms 11 October 2013 | Jon Skinner

Following on from my article SEF, Oct 2, What does the SDR Data show? I wanted to ta

'News' SEF, Oct 2, What happened to EUR IRSwap trading? 09 October 2013 | Jon Skinner

Following on from my article SEF, Oct 2, What does the SDR Data show? I wanted to ta

'News' What the SEF Volumes Show 08 October 2013 | Jon Skinner

The first calendar week of SEF trading is behind us.  If you are like me, you are wondering where the liquidity was / who attracted the most volumes over this period.

'News' CCP Clearing: Best Practices for Pre-trade Workflow | DerivSource 08 October 2013 | Bill Hodgson

A free webinar from DerivSource on Clearing, including these speakers:

'Articles' Pricing and Risk Management of Credit Default Swaps | OpenGamma 07 October 2013 | Bill Hodgson

A 'clean room' rebuild of the pricing for a CDS, which uncovers errors in reference code. If you're into maths, this is the paper for you.

'News' Swap Execution Facility Trading Volumes: Here are the Real Numbers | Kevin on the Street 05 October 2013 | Bill Hodgson

If you want to know the volumes of trades at SEFs following the official start of SEF trading this week, Kevin has assembled the stats and the links.

'News' EMIR Self-Reporting for Non-Financials. Is this really an option? 04 October 2013 | Maria Leontiou

The funny thing about this regulation is that we all strive to comply with it while its timelines and standards are still evolving.

'News' Remembering Lehman: CCPs hardwire collapse into models - Risk.net 03 October 2013 | Bill Hodgson

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.

'News' Trading on SEFs from October 2nd was Day One. What does the SDR Data show? 03 October 2013 | Amir Khwaja

As yesterday was the first day for Swap Execution Facilities (SEF) trading, I decided to look at what the data in a Swap Data Repository (SDR) can tell us about what happened on Day 1.

'News' Jeff Gooch becomes CFO of Markit 02 October 2013 | Bill Hodgson

Mentioned already in some places on-line (including my twitter feed) but here's the details:

'Articles' Client Clearing of Interest Rate Swaps at CME and LCH 01 October 2013 | Amir Khwaja

As two months have passed since my article USD IRSwap Client Clearing, CME or LCH?,

'Articles' SEFs: A Brief History of Time (One day to go) 01 October 2013 | Jon Skinner


September 2013

'News' Futures reporting delay "will not take place" says EC's Pearson - Risk.net 27 September 2013 | Bill Hodgson

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.

'News' Patrick Pearson speaks on ETD Delay 26 September 2013 | Bill Hodgson

Overheard at a conference, a comment by Patrick Pearson: "there will be no delay to ETD reporting". Can anyone else confirm this? Bill  

'News' Is FARP a taper alternative? | Fast start for the new Fed facility 26 September 2013 | Jon Skinner

The apparently fast start (Monday) of the Fed's FARP - coming just after the unexpected announcement not to taper - has caused some to speculate this is an alternative to the taper.  But is it?