Cross-currency margining can bring savings, says SwapClear's Michael Davie

michael-davie

Asia Risk: The Australian Securities Exchange recently launched interest rate clearing services offering clients the capability to cross-margin across their futures portfolio. Does this represent a threat to LCH.Clearnet's Australia business?

Michael Davie: Cross-margining of swaps against futures and other products is much talked about but if you have a multi-currency swap book, which Australian firms on the buy and sell side do, then there are substantial gains to be had by putting different

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As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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