According to LCH.Clearnet Ltd's chief executive, what clearing houses do is akin to landing planes. Last year, the firm focused on keeping its safety record spotless
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More Swapclear articles
CCP is not collecting enough collateral, member firms say. New model is being reviewed by FSA
Clearing houses can call for margin multiple times a day to protect against wild markets. But the burden of meeting those calls will initially fall on member firms – potentially creating a source of severe funding stress. By Matt Cameron
LCH.Clearnet, owner of the incumbent interest rate swap clearer, SwapClear, is facing new competitors at all levels - global, regional and local. One of the local competitors is Poland's KDPW_CCP, which is due to launch a service for zloty denominated...
After three years of work, client clearing volumes have started to rocket in recent months – but it may not be enough to avoid a last-minute stampede. Tom Newton reports
Boston-based State Street traces its history to 1792, less than a decade after the conclusion of the American Revolution. Today, the bank is hoping to profit by clinging to the coat-tails of another revolution: the overhaul of the over-the-counter derivatives...
Clearing houses are the bit-part actors that find themselves thrust into a leading role – a result of the Group of 20 (G-20) nations pledge to overhaul over-the-counter derivatives markets and untangle the web of bilateral exposures that exists today....
Many in the industry suspect there will eventually be consolidation in the over-the-counter clearing space, but few predicted that trend would begin before mandatory clearing regulations even came into effect. If LCH.Clearnet’s acquisition of International...
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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