CCPs urged to widen collateral net as commodities spike

Broader acceptance of emissions certificates and letters of credit could relieve margin pressure

commodities price rises

Clearing banks are asking central counterparties to expand the universe of non-cash collateral they will accept against commodity contracts, as heightened volatility and escalating margin demands put clients under intense pressure.

Russia’s invasion of Ukraine has threatened global supply chains, triggering a surge in the price of key commodities including, oil, natural gas, wheat and nickel. Clearing banks are demanding hundreds of millions of dollars in cash as variation margin to meet these

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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