The Canadian Securities Administrators (CSA) has decided that it will delay the implementation of mandatory margin and collateral requirements for non-centrally cleared derivatives. After completing a review of derivatives trade…Read More
Industry wide European research from SIX Securities Services today reveals the statistic that more than 8 in 10 (85%) financial institutions believe that up to 40% of all OTC derivative…Read More
Variation Margin (VM) rules for non-cleared OTC derivatives go into effect on March 1, 2017. Maybe. Unless you are in Singapore, Hong Kong, Australia… and several other jurisdictions. As of…Read More
Bloomberg sues the CFTC over IM rules on swap futures. Will IM preferences in swap futures disadvantage SEFs?
The controversy over IM on swap futures versus cleared swaps has made its way into the courts. According to an article in Bloomberg News dated April 16th, Bloomberg LP claimed…Read More
Manmohan Singh, the IMF economist, has just published a great paper on collateral, “The Changing Collateral Space”. We take a look at what he has to say. Continue readingRead More
On November 27, 2012 ISDA released a presentation entitled “Initial Margin For Non-Centrally Cleared Swaps, Understanding the Systemic Implications”. ISDA does a great job in highlighting the wide range of…Read More