Clearing
CCP contest starting to heat up
Give CCPs a chance
Margin models converge as CCPs battle for dealer support
Dealers say they won’t join clearing houses that are not robust – and have already blackballed one central counterparty. As a result, the initial margin methodologies employed by the big rates clearers have begun to converge. Matt Cameron reports
CCIL: The benefits of fragmentation
Fragmentation benefits
FIA-Isda group runs rule over Sef credit check plans
The OTC market still does not know how to provide certainty that a trade will be cleared - but an FIA-Isda meeting in New York gave attendees a chance to look at what is on offer
Industry to make 11th hour plea over Emir scope
The EU council text of Emir could be voted through next week, but a group of industry associations will plead for a late - and controversial - change
Canadian OTC derivatives repository unnecessary, say market participants
Critics argue a Canadian OTC derivatives repository would lead to fragmented and inconsistent data
Greater focus on OTC derivatives op risk required in Asia – Celent
Market participants in Asia need to focus more on operational risks associated with their resurgent OTC derivatives trading volumes, especially as the market moves towards trade repositories and central counterparty clearing, according to a new report…
Pimco said to be behind OTC clearing spike at CME
Interest rate swap clearing volumes at CME leapt 2,172% between August and September, and dealers say one firm is responsible for the surge
Rule could make OTC-cleared energy contracts 'endangered species': O’Malia
CFTC commissioner renews support for over-the-counter energy clearing tool in the face of new Dodd-Frank rules that could affect operation
Special report: Clearing and settlement
Special report: Clearing and settlement
Dealers move to secure derivatives clearing gateways in Asia
Courting counterparties
The product no-one wants to sell: portability held up by lack of rules
Under-the-counter derivatives
Mifid draft resuscitates CCP open access battle
CCP open access debate rears its head once again in draft rules spun out of Mifid
CFTC proposals leave cloud over FIA-Isda clearing contract
Grey skies over give-ups
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
CFTC's Sommers: Blocking FIA-Isda document was "huge waste of resources"
A proposal prohibiting an Isda-FIA clearing document highlights rift within CFTC, with Republican appointees claiming they were kept in the dark
The evolving credit function
A new focus for credit
Risk waterfall at CME, Ice makes porting harder, dealers say
The need to provide portability could pressure CCPs to lean more heavily on initial margin than default funds to absorb losses
Six Securities Services names Wieland as clearing chief
Urs Wieland has been named CEO of Six Securities Services
Ignoring the perils of portability
The perils of portability
The product no-one wants to sell: portability held up by lack of rules
Under-the-counter derivatives
Launch of interoperability not perfect
Interoperability has launched in cash equities with a system that is good, but not perfect
Lamb discusses CME Clearing Europe's goals
A clear goal