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Margin

Cassini Systems partners with SmartStream to help firms meet Uncleared Initial Margin obligations

London and New York – March 20th, 2019 – Cassini Systems, the leading provider of pre and post trade margin analytics for buy side derivatives trading, today announced its partnership with SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.

Tackling the IM Challenge

Let’s start with the good news. The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) last week published a statement highlighting that counterparty relationships that fall below an initial margin (IM) exchange threshold aren’t obliged to meet documentation, custodial or operational requirements.

ISDA Response to BCBS/IOSCO Statement on Non-cleared Margin Requirements

ISDA has published the following response to the statement by the Basel Committee on Banking Supervision and International Organization of Securities Commissions on the final implementation phases of the margin requirements for non-centrally cleared derivatives.

IM Phase 5 mitigation…’ish

Banks have spent the last four years gamely preparing for and complying with IM regulations. Phases 1-3 have been challenging, the current phase 4 promises more of the same. The market has long been aware that phases 1-4 are mere kittens to the phase 5 (probably angry) tiger. Useful initiatives- negotiation platforms, custodian portals, standardised […]

How estimating CCP margins could save you millions

Derivative trading costs to escalate amid market volatility fears

Derivatives trading costs could double as markets brace themselves for increased bouts of volatility, according to our new research

The post Derivative trading costs to escalate amid market volatility fears appeared first on OpenGamma.

ISDA 34th AGM | April 9 – 11 | Grand Hyatt Hong Kong

At the upcoming 2019 ISDA AGM

 

ISDA Response to ESMA and EC on Proposed Technical Standards on Brexit-related Novations

ISDA sent a letter to ESMA and the European Commission commenting on the proposed technical standards on Brexit-related novations. ISDA welcomes these standards that seek to give relief from the margining and clearing requirements to OTC derivative contracts that are transferred (novated) from a UK to an EU counterparty.  However, the fact that the relief is contingent on the event of a no-deal Brexit makes it operationally difficult for firms to enter into agreements to novate contracts.

Cassini Systems Named Best Trading and Execution Platform of the Year in HFM US Hedge Fund Technology Awards 2019

New York and London – February 8th, 2019 – Cassini Systems, the leading market provider for pre and post trade analytics for derivatives trading, has been named Best Trading and Execution Platform of the Year in the HFM US Hedge Fund Technology Awards 2019.

A Solution for the IM Big Bang

With everything else going on, it’s tempting to shove something with a September 2020 deadline to the back of the line. That’s not an option when it comes to initial margin (IM) requirements. With over 1,100 small firms expected to come into scope, each needing to put IM documentation and systems in place, an early start on compliance efforts will be critical. Even then, the industry faces a very real capacity challenge.

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