Central counterparty (ccp)
We study the pricing of a continuously collateralized credit default swap (CDS). We make use of the "survival measure" to derive the pricing formula in a straightforward way. As a result, we find that,...
Fees charged by clearing members can vary wildly – and low-cost providers may try to terminate relationships if they prove unprofitable, panellists warn
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Central counterparty (ccp) articles
Dealers, clients and clearing houses need to work together to resolve problems caused by intraday margin calls, say panellists
Buy-side firms will struggle to finish legal and operational work ahead of US mandated clearing deadlines – and they are not the only ones, says panel
A requirement to clear standardised derivatives in Europe by next year creates problems for Germany’s banking sector. Uncertainties in the rules for indirect clearing, as well as whether there will be any benefit in an exemption for intra-group trades,...
Thousands of firms are likely to be caught by the over-the-counter clearing mandate – but banks offering client clearing services say they can only take on a limited number of customers. As things stand, those frozen out would be unable to trade. Joe...
Many end-users will have to clear over-the-counter derivatives using services provided by clearing house members – currently, that means the big dealers. But changes in default fund calculations and regulatory capital requirements mean the fees they...
Dealers fear multiple CCPs will fragment netting sets, resulting in increased margin and capital costs - but there could also be an impact on liquidity, with swap trading platforms forced to list prices for each clearing house, US exchange veteran, Neal...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
Australia, 5th - 7th Mar 2014
South Africa, 12th - 14th Mar 2014
UK, 12th Mar 2014
UK, 13th - 14th Mar 2014
UK, 13th Mar 2014