US securitisation groups seek clarity on June 10 clearing deadline

crystal

Concerns are mounting ahead of the US clearing mandate on June 10 about the impact on the securitisation market if no exemption is provided for trades with special purpose vehicles (SPVs).

SPVs typically hold the underlying assets in a securitisation, issue the debt and also execute swaps to manage currency and interest rate risk. But they do so on an uncollateralised basis, normally facing the bank that created the vehicle. They tend to be unstaffed, with only an administrator to look after day

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

If you already have an account, please sign in here.

Register

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

This address will be used to create your account

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…

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