August 2013

'Articles' SEFs Come of Age | Current Status of SEF Applicants and Their Products 28 August 2013 | Amir Khwaja

Since the finalisation of the SEF rules by the CFTC there has been a rush of activity by players to register as a SEF and gather support from dealers.

'News' Site Live: CloudMargin - The future of collateral management 21 August 2013 | Bill Hodgson

More details about a new entrant to the Collateral Management market are now available at their website below.

'News' NASDAQ OMX Zoom into Second Place in European Rate Swap Clearing 19 August 2013 | Bill Hodgson

OMX put out a press release on their IRS volumes and revealed they have a healthy trade flow, plus they are providing their members with a cross-margining solution for IR products beyond anything on offer at any other OTC IRS CCP.

'News' Deus Ex Macchiato » Firms Could Lose IM in a Default 13 August 2013 | Bill Hodgson

A new CPSS-IOSCO consultative report puts forward a proposal for using non-defaulting clearing members IM to cover losses at a CCP. D.E.M.

'Articles' SDR View, Capped Notional Changes 13 August 2013 | Amir Khwaja

Those of you that read my blog post SDR, Block Trade Rule, 30 July Update will know that from 30th July, we moved from the interim

'News' Swaps clients plan US bank exodus | Reuters 13 August 2013 | Bill Hodgson

Feedback I've heard more than once is that non-US firms are avoiding trading with US firms as a strategy to avoid the CFTC Dodd Frank regulations. This story from Reuters provides flavour around that idea.

'News' Daily Email Summary Timing | Now 8am UK Monday to Saturday 13 August 2013 | Bill Hodgson

As an experiment I'm changing the timing of the daily email with the news summary to 8am UK time Mon - Sat to see if this suits readers more.

'News' CME OTC Clearing Expands to CZK HUF PLZ and ZAR 13 August 2013 | Bill Hodgson

An update from CME explains that later in August their OTC clearing platform will add four new currencies.

'News' OTC Space Email and Twitter Changes 13 August 2013 | Bill Hodgson

I've been aligning various domain names and accounts to clear up inconsistency, please act accordingly with the updates below.

'Articles' ?Backwards Regulation Risk Systemic OTC The Is | Should Bilateral Margin and Capital Have Come Before Clearing? 08 August 2013 | Jon Skinner

I often notice that the different regulators and the different associated interacting market participants, utilities and commentators dissociate regulations of bank capital (e.g. Basel III) and accounting rules (e.g.

'Articles' What are Your Selection Criteria for Choosing a Clearing Member and Clearing House? 08 August 2013 | Bill Hodgson

Over the coming 18 months many firms who choose not to join a CCP directly, will need to choose a Clearing Member (CM) to provide them with access to a CCP.

'News' 5 weeks until OTC trading in the EU shuts down? 08 August 2013 | Bill Hodgson

An intelligent article explains the poor progress made in getting Non Financial Companies, and the very large FCs to be prepared by using the relevant ISDA protocols, and engaging with LEIs.

'News' New Book on Heston Model | Coming Soon 07 August 2013 | Ben Larah

A new book on the

'News' Have you Got All These Components in Your Systemic Risk Plan? DTCC Defines The Threats 07 August 2013 | Bill Hodgson

A great paper from DTCC which paints a scary picture of the many ways our capital markets could be destabilised, including:

'Articles' ISDAFIX, Looking for Evidence of Price-manipulation 07 August 2013 | Amir Khwaja

There has been much recent press on the investigations into ISDAFIX and whether this will turn-out to be similar to the LIBOR rigging

'News' Can you Calculate Your Initial Margin and Capital Within Your Swap Execution Facility? 06 August 2013 | Bill Hodgson

BBG logoBloomberg have integrated the Initial Margin calculations from SwapClear into their trading platform.

'News' Library of EMIR Documentation from the Financial Conduct Authority 05 August 2013 | Bill Hodgson

If you need a convenient way to browse EMIR documents, the UK FCA has a site which is handy, and somewhat easier to navigate than the ESMA site.

'News' Angelica and Bees 03 August 2013 | Bill Hodgson

The Angelica gigas has finally popped it's flower heads - they've been emerging slowly over the past few weeks. Our garden is bee friendly, you can see why in the photos. Bill.