CME set to clear CMBX index swaps
Product to clear next year amid fears of falling liquidity from new non-cleared margin requirements
CME has begun exploring the possibility of clearing swaps referencing commercial mortgage-backed securities indexes (CMBX) centrally within the next nine months, according to several people familiar with the project.
The Chicago-based central counterparty (CCP) informed participants of its plans earlier this year, and plans to bring the product to clearing sometime in the first half of 2017. The move was sparked by cost increases stemming from the requirement to post margin on bilateral CMBX
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Derivatives
7 days in 60 seconds
Zombie Libor, climate risk flaw, Mifid’s closed door
The week on Risk.net, December 7–13
Receive this by email