US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
The end of the waterfall
More Clearing articles
Indian reticence over Emir steps up pressure on EC equivalency regime
Small banks, big needs
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...
Pension funds tend not to have a lot of cash lying around, making it difficult for them to meet clearing house margin calls. Specialist asset manager Insight Investment is pressing for a solution. B...
Banks will have a six-month grace period before they must finally start clearing by July 2014
Three regulators, including the RBA, reveal how they will decide whether and when to implement mandatory clearing requirements for OTC derivatives
In the US, segregation of client assets is a simple matter – only one approach is allowed for over-the-counter trades. But in Europe, where there are more clearing houses, and no prescribed approa...
Clearing – and present danger
Single bank default could affect multiple CCPs, leading to crippling default contribution for existing members and a chain of bank failures
Initial margin requirements could increase liquidity strain on firms in smaller markets
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