Initial Margin – Finadium

IHS Markit launches initial margin calculation service for OTC derivatives

September 27, 2018

News and Notes, News and Notes – Fintech

IHS Markit announced the launch of its Initial Margin Calculation Service with broad coverage for non-cleared derivatives across interest rates, equities, FX, credit and commodities. A complex, five-phase international framework…

AcadiaSoft and Bloomberg automate ISDA SIMM margin calculations

September 12, 2018

Anna Reitman

News and Notes – Fintech

AcadiaSoft, automation, Bloomberg, Initial Margin, ISDA SIMM, Quaternion

No Comments

AcadiaSoft announced that it is offering two new services to streamline the generation of inputs necessary for margin calculations using ISDA SIMM (Standard Initial Margin Model). Market participants that are…

ISDA survey shows derivatives markets sanguine on future, but margin rules, benchmark reform, compliance and Brexit weigh

April 24, 2018

Anna Reitman

News and Notes, Uncategorized

benchmark reform, Brexit, Future of Derivatives Survey, Initial Margin, ISDA

No Comments

The ISDA Future of Derivatives Survey considers the issues facing the industry, in order to gauge how the derivatives market will develop and evolve. While the survey shows that participants…

Bank of England on hedge fund and PB risk: better than it used to be but issues remain

January 4, 2018

Jonathan Cooper

Bank of England, Credit Exposure, Europe, Hedge Funds, Investments, Prime Brokerage, Pro-cyclicality, Risk Management, Systemic Risk

Bank of England, hedge funds, Initial Margin, prime brokers, Procyclicality, topstory

No Comments

A recent publication from the Bank of England shows that hedge fund systemic risk is generally lower than it used to be; that’s a good thing for the markets. Hedge…

Highlights from ISDA’s 2017 margin survey

October 4, 2017

Richard Stinchfield

CCP, Cleared Interest Rate Swaps, Collateral Management, Derivatives, OTC Derivatives Clearing, Regulatory, Systemic Risk

Cleared Derivatives, Initial Margin, ISDA, ISDA Margin Survey, Non-Cleared OTC Derivatives, topstory, Variation Margin

No Comments

The International Swaps and Derivatives Association (ISDA) has resumed its annual survey on margin. Initial Margin (IM) and Variation Margin (VM) requirements on certain types of derivatives contracts are now…

AcadiaSoft announces smooth integration of phase 2 firms into its margin hub

September 21, 2017

Anna Reitman

News and Notes

AcadiaSoft, BCBS IOSCO, Initial Margin, non-cleared derivatives margin

No Comments

AcadiaSoft, an industry provider of margin automation solutions for counterparties engaged in collateral management worldwide, announced that the integration into the AcadiaSoft Hub of the six additional in-scope firms under Phase 2…

LCH’s CollateralSeg should reduce gray areas of collateral ownership

LCH announced on August 10th that it will support a new account type representing pledged collateral for it’s SwapClear service. This should help reduce the risk that ownership rights can become…

Finadium: Tri-party Repo in Asia: OTC Collateral Demand and Structural Change

July 18, 2017

Josh Galper

Asia, Derivatives, Repo, Tri-Party Repo

Asia, Initial Margin, OTC derivatives, Repo, topstory, tri-party, Variation Margin

No Comments

This Finadium research report evaluates the market conditions that are pushing Asian investors towards repo as a mechanism for obtaining cash that can be used as OTC derivatives collateral, especially…

First day of OTC derivatives initial margin rules sees frozen markets, custody bottlenecks

September 5, 2016

Josh Galper

Basel III, Collateral Management, Custodians, Derivatives, IOSCO

CFTC, Custody, Initial Margin, OTC derivatives, topstory

No Comments

The OTC markets were hit on Thursday by the introduction of new BCBS/IOSCO margin and account segregation rules in selected jurisdictions. This had the impact in some countries of shutting the market…

CFTC Issues No-Action Letter to Swap Dealers to Extend Collateral Rule Deadline due to Limitations with Custodial Accounts

September 1, 2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited, no-action letter stating that it will not recommend an enforcement action…

Regulators ask for ISDA to delay derivatives liquidations; is repo next?

November 11, 2013

Jonathan Cooper

CCP, Cleared Interest Rate Swaps, Derivatives, Featured, Federal Reserve, Lehman, Regulatory, Repo, Tri-Party Repo

fire sale, FT, hiarcuts, Initial Margin, ISDA

No Comments

A November 6th article in the FT “Regulators urge rewrite for derivatives contracts” by Sam Fleming caught our eye. The article is behind the pay wall, but we urge you…

Important conclusions from a Bank of England paper on CCPs and financial resources

April 29, 2013

Josh Galper

Bank of England, CCP, Collateral Management, Pro-cyclicality

Bank of England, CCPs, Default Fund, Initial Margin, regulatory capital

No Comments

A new research report from the Bank of England has modeled out how CCP financial resources can affect their stability in times of stress. The conclusions have some important policy…

Pro-cyclicality: ISDA and the FSB use the same term but want very different things

December 4, 2012

Jonathan Cooper

CCP, Collateral Management, Derivatives, Featured, Pro-cyclicality, Regulatory, Repo, Systemic Risk, Tri-Party Repo

FSB, Initial Margin, ISDA, Minimum repo haircuts, Total Return Swap, Variation Margin

No Comments

The term pro-cyclicality seems to always get people on edge. If you are in the securities financing or derivatives business these days, you never want to be associated with that…

What is really driving the banks demand for LTRO cash from the ECB?

February 14, 2012

Jonathan Cooper

Featured, Liquidity Management, LTRO, Repo

ECB, Europe, Initial Margin, LCH.Clearnet, Liquidity, Liquidity Management, MF Global, Nomura, Repo

No Comments

The LTRO continues to attract attention. With another tranche coming up on February 29th, pundits relish in writing about how much money the banks will make by buying sovereign debt…

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