Futures clearing model less secure for over-the-counter derivatives than bilateral trading, says BlackRock trading head
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Findings of UBS equity analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
Middleware at fault for Barclays clearing break
TradingScreen has created a multilateral trading platform to streamline the process of corporate bond transactions by centralising the buying and selling of corporate bonds in Europe.
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
Sovereign derivatives users have been able to avoid posting collateral to their dealer counterparties in the past, but pending reforms to bank capital and funding rules are changing the equation. If sovereigns refuse to budge, they will have to accept...
Dealers have made progress towards clearing swaths of the over-the-counter derivatives market. But market participants are likely to have to clear more awkward products to satisfy regulators’ demands. Mark Pengelly investigates
Clearer's plans to create a special membership category for central banks and other sovereigns could undermine CCPs' risk-mutualisation model, rivals claim
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
Regulators across the globe are intent on forcing over-the-counter derivatives through central clearing. How are supervisors in the Nordic region responding, and could the relative lack of liquidity in domestic markets hamper their efforts? By Christopher...
Elimination of a catch-all clearing exemption in US financial reform legislation looks like bad news for big energy companies – the industry warns mandatory derivatives clearing will do untold harm. Peter Madigan reports
LCH Clearnet's launch of a new over-the-counter (OTC) clearing service for container freight swap agreements is set to inject liquidity into the emerging market
Changes in valuation were “relatively small”, says clearing house
Proposals on risk management by CCPs should be more detailed, say participants
In this month’s Pass the Microphone, Paul Cusenza of Nodal Exchange puts his questions to Simon Grensted, Managing Director, Business Development, at LCH.Clearnet
Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly
Proposed standards for central counterparties clearing over-the-counter derivatives will be published in May, tackling contentious issues such as governance, margin practices and default management. Dealers are anxious to ensure the standards are demanding...
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
Politicians love the idea of central clearing, but with competition for this new business increasing, so are concerns some venues might not be robust enough.