Client clearing is a new business for the over-the-counter derivatives market, with untested rules and – so far – largely unproven services. To shed some light on pricing and practices as the first...
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
More Clearing articles
Clearing rules for over-the-counter derivatives are prompting buy-side firms to revisit long-standing futures clearing relationships, with some customers choosing to house both sets of business in the same place. Big swaps players say this hands them...
Policy-makers say they will not bail out a stricken clearing house, which means the industry needs explicit recovery and resolution plans. It also means member firms will get a better picture of exactly how much risk they face. Michael Watt reports
Indian reticence over Emir steps up pressure on EC equivalency regime
In the US, banks with more than $10 billion in assets will be required to clear from June 10 – and the smallest of these institutions may not be attractive clients. Some are struggling to be ready in time, but others have shown it can be done. By Joe...
Clearing houses need flexibility to determine correct course of action, says head of risk at Eurex Clearing
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
Early adopters of over-the-counter derivatives clearing tended to be the big beasts of the buy-side universe, but smaller firms – such as France’s OFI Asset Management – are coming on board as well. By Tom Osborn
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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