Some interesting analysis on the demise of MF Global: http://dealbreaker.com/2013/04
If you have some rate swaps sitting idle, why not use the new service from SwapClear to check whether they are mandated for clearing? Click here
The story below reported at the Investment and Pensions Europe website relates to this PDF Capital Treatment for Exposure to CCP Default Funds (post
Putting a spotlight on the challenges presented by Initial Margin algorithm changes at SwapClear and Eurex In recent months, both SwapClear and Eurex have indicated that they will overhaul their margining algorithms, posing signif
A new report is out on the Financial Transaction Tax (FTT) and its impact on corporate and sovereign debt, written by London Economics on behalf of the Regulatory Strategy Group (RSG) and sponsored by the City of London. You can either get the pdf
A paper for the quants, about how markets behave in a low interest rate environment, and how this relates to VaR, and therefore margin exceptions in clearing (or outside for that matter).
A note from LCH below explains that they intend to complete the process of aligning the default fund of each clearing business vertically, and end the horizontal approach of having a general default fund.
LCH published a member note (here) regarding "invoicing back" which is component of resolving a default.
Insight have built their own legal framework to give their customers the best possible service once in clearing, read about it over at Derivsource.com.
The post below is a trailer for a paid report, which itself looks interesting, but you need to be a subscriber.
I really don't know what happened on April 1st but a whole lot of fake posts reached the site, it's a mystery. Apologies to anyone who saw the stories below and might have used them believing them to be legitimate.
From DP: One key provision of the Dodd-Frank Act requires reporting of swap transactions. The Commodity Futures Trading Commission has finalized detailed regulations in this area that are being implemented in phases.
Global Futures Volume Report | OTC Clearing and Regulations. See page 22 of the PDF for volume change by exchange, quite interesting.
Collateral Management system vendor 4sight has published their views on the ROI when using collateral optimisation, the paper is on their news page below entitled "Collateral Optimisation Whitepaper", link below.
Despite a year's worth of planning and preparation this idea still hasn't moved forward - without this happening I can't see much progress on CDS margining for ICE or rule making at the ex-SEC.
This post has been removed. If you arrived here via a google search, please disregard any materials regarding the FSB from this page.
As everyone keeps saying, there will be unexpected outcomes from the new regulations, and one of them is about to turn the ISDA CSA upside down.
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