Banks warn prime brokerage clients of ‘material’ MVA costs

Some buy-siders reassessing relationships as a result

Storm warning

The buy side is being warned to brace for a "material" impact on fees they pay for foreign exchange prime brokerage services following the introduction of margin rules for non-cleared swaps. The impending price rise is also leading some clients to reassess their prime broking relationships.

The rules, which were introduced on September 1, require the largest banks in the US, Japan and Canada to post gross initial margin on non-cleared swaps that fall under the rules. These initial margin

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here