Market flocks to NDFs over fears that sanctions will restrict the ability to settle Russian ruble forwards
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...
Platforms will need to obtain paper copies of users' contracts in order to confirm non-cleared trades
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Non-deliverable forward articles
Asset manager returns to phone trading after electronic execution in foreign exchange contracts is forced onto Sefs
Multi-dealer platforms have to register as Sefs - but clients could choose to use other venues and avoid extra legal work
The relaxation of the Fed stance on tapering hasn't reassured South-east Asian corporates
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.