Lower default fund capital charges could help clearing members offer segregated accounts, which "would be in the interests of regulators", says Eurex executive
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
Thomas Book, chief executive of Eurex Clearing, says it remains to be seen whether the standards for central counterparties set in Europe will be matched around the globe
More Eurex clearing articles
In bilateral over-the-counter trades, some buy-side firms insist on physical segregation of their collateral – their assets are placed with a third-party custodian. But the incoming US regime will not provide the same degree of protection, despite the...
Eurex Clearing plans to be the first OTC clearer to offer full segregation of collateral when it launches in March - demand has risen since MF Global collapse
With just one year to go until the end-2012 deadline set by the Group of 20 (G-20) nations for all standardised over-the-counter derivatives to be cleared, a number of uncertainties remain – not least, whether the global regulators will meet the deadline....
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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