VM switch shrinks Nomura's balance sheet

Louie Woodall
Alessandro Aimone
26 Jul 2018

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Nomura started treating variation margin on certain cleared swaps as settlement of these trades and shifted some client margin off the books in the second quarter – accounting tweaks that cut ¥247 billion ($2.2 billion) from its end-March balance sheet.

The Japanese bank changed its margin accounting policy as of April 1 to subtract some cash collateral held on behalf of clients from its total assets, and an equivalent amount reflecting its obligation to pay back the collateral in future from

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.

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]

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]