Futures commission merchant (fcm)
Dramatic growth in required swaps collateral at Swiss FCM
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A combination of hard work, caution and some luck saw the industry through the second of the three US clearing deadlines on June 10. But while it was a triumph for many, it proved testing for some. ...
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
Clearing – and present danger
Some client trades have not been cleared within 60 seconds
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
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.