Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor

In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients

Clearing members need to carefully monitor the risks associated with collateral transformation services provided to clients, and ensure they do not over-extend themselves, according to Stephen O'Connor, chairman of the International Swaps and Derivatives Association.

Speaking in an exclusive video interview with Risk, O'Connor says clearing members are likely to provide facilities to help certain buy-side firms meet central counterparty (CCP) variation margin calls by transforming non-eligible

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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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