Netting and optimal execution effects may help other CCPs reduce margin requirements, says NYU maths professor Marco Avellaneda
Clearing volumes dip as hundreds of new firms are caught by US clearing rules, but activity rebounded on June 11
Hundreds more firms will be required to start clearing in the US today, and FCMs are warning there could be an increase in rejected trades as a result
This handy guide reviews the various steps banks are taking to improve their risk management techniques, looking at the benefits and pitfalls of each one.
More Clearing articles
Regulators want capital and margin rules to encourage central clearing, but analysis suggests costs may currently be higher in the cleared world
With the large overlap between the requirements of prime broking and clearing there is an opportunity for the sector to provide a lead role in OTC clearing in Asia. But what restrictions are there on prime brokers operating in the clearing sector and...
So far the European Union and the US have dominated the global debate over the implementation of the central clearing of OTC derivatives. But with key deadlines for both Emir and Dodd-Frank approaching, Masamichi Kono of the Japan Financial Services Agency...
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 clearing mandates take effect, Risk surveyed 21 early...
Hope and fear are two feelings that, in theory, should have little to do with central clearing. It ought to be a predictable environment, with clear rules and predetermined outcomes – almost all of which, for a client, are reassuring rather than scary....
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
There was a time when being called a swap dealer used to carry a certain cachet. But thanks to the effect of the US Dodd-Frank Act, which was signed into law in July 2010, those days are long gone. Dodd-Frank subjects swap dealers to more onerous regulation...
Technology can provide a competitive advantage in banking. How it is applied by Tier 1 and Tier 2 institutions, to the benefit for their risk management systems, is discussed.
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