Similar netting and infrastructure upgrades wanted to help foreign investors fund CNY bond holdings
UK-based clearing house faces “uphill struggle” against JFSA location policy on yen derivatives
US Treasuries dealers say clearing won’t help post-Covid illiquidity – and could harm it
Central bank says legal amendments will pave way for locally cleared NDFs and interest rate swaps
Growing margin burden for non-cleared swaps means cleared margin is likely to grow further, argues Amir Khwaja
The authors investigate interoperability from the perspective of the multilateral netting property of central clearing.
NYC-based LMRKTS first broke cover two years ago; third bank participant is unknown
Banks and CCPs are pressing for changes to method of calculating default fund capital