Annual margin survey shows 90% of uncleared positions are now collateralised, but only a third of corporates have active CSAs in place
German CCP says cross-product clearing makes it less risky than the competition, resulting in a smaller default fund and lower capital costs for members. But banks are divided on those claims
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More Clearing articles
With the leverage ratio making clearing members sensitive to gross exposure numbers, CCPs are under pressure to develop new, more efficient ways of compressing cleared portfolios. LCH.Clearnet has revamped its offering and its rivals are expected to follow...
Swaps reforms and new prudential rules for banks could hurt end-users, by fragmenting the market, driving up costs and reducing liquidity – that’s the view of end-users themselves, polled by the International Swaps and Derivatives Association on the...
Nordic CCP had hoped to be clearing NDFs by November 2013, but insists it has not abandoned the idea – it's just a less pressing need with customers focusing on interest rate swap and credit default swap clearing
Insurance companies and pension funds absent from JFSA plans
Long-awaited clearing rules will arrive in draft form during March, dealers believe – but won’t say what firms are caught or when regime starts
KRX is rethinking its own rules in the event of a member default
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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