More sovereigns edge towards two-way CSAs - and clearing

Towards two-way CSAs


On the face of it, dealers have had little success persuading sovereign derivatives users to sign two-way collateral agreements. The Cypriot, Danish and Latvian debt offices all say they are considering it – which would bring them in line with their counterparts in Hungary, Ireland, Portugal and Sweden. But of that group, only Portugal and Ireland made the switch in the past two years, and the world’s biggest sovereigns remain staunchly opposed to the practice – a policy that leaves their

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Switching CCP – How and why?

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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