Clearing
Switching CCP – How and why?
As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…
Asia clearing surge raises concerns over eligible collateral
Scarcity of high-quality liquid assets gives rise to liquidity risk worries, say banks
Buy side: central clearing 'a mess' as sell-side dialogue hits 'fever pitch'
Asset managers say they want to see futurisation of swaps get off the ground in Europe
CME guaranty fund cut could lure new clearing members
Regional banks and prop shops are eyeing direct membership, but the lower minimum guaranty fund contribution does little for existing FCMs
'Jury still out' on local currency clearing says CIMB
Asean OTC derivatives market is not big enough to warrant clearing
Lack of post-trade focus slows Asean integration, says DBS chief
Clearing and settlement infrastructure needs to be set up to boost cross-border trading
CFTC’s Stewart blames EU for equivalence failure
Risk Derivatives Clearing: EU stance on equivalence is "unfortunate", CFTC lawyer says
Hong Kong CCP to be first to clear cross-currency swaps
Initial product suite will be RMB focused to suit the need of mainland banks
CCPs mull equity swaps clearing solutions
Central counterparties have begun working on solutions to clear a broader range of index-based over-the-counter equity derivatives, with many focusing on total returns swaps. But progress has been slow, due to a lack of market standardisation and fears…
Call for user-owned utilities to lower central clearing cost
Survey shows buy-side thirst for clearing utilities, but it is argued a large utility might not provide the right incentives to build an efficient CCP model
Eurex Clearing helps OTC derivatives industry to meet new regulations
The German company was among the first CCPs to comply with new Emir regulations and has introduced new cross-margining services, as well as bolstered its risk management capabilities
CFTC to simplify route for clearing houses to be exempt DCOs
The CFTC will pursue a faster approach to allow foreign clearing houses that don't wish to clear for US customers to become exempt DCOs
Ice hits out at LCH over capital resistance
Ice's Jeffrey Sprecher has criticised LCH.Clearnet's resistance to raising extra capital, arguing that the industry needs to figure out its long-term capital needs
Six open to acquisitions to expand outside Switzerland
Faced with increased competition from stock exchanges, Six – owner of Swiss Exchange and Six Securities Services – wants to expand in Europe and possibly make a few more acquisitions
Industry confronts hard choices in CCP recovery debate
The topic of recovery and resolution planning has come to the boil in recent weeks, with widespread calls for CCP operators to contribute more of their own capital. But a range of possible recovery options is available, and there is still little…
Shanghai launches renminbi derivatives clearing
CNY swaps and forwards can be cleared from November on SCH but participation by foreign banks is so far limited
CCPs must get familiar with the C-factor
The new approach for calculating clearing houses’ default funds set out by the Basel Committee for Banking Supervision means that CCPs must familiarise themselves with the C-factor, writes Isda's Cindy Leiw
European banks stop clearing Korean won swaps at KRX
Uncertainty over whether Esma will recognise KRX’s OTC clearing house; industry players say the exchange has to improve its risk management
New ways to combat clearing-house risks
Minimising crowded trades will reduce systemic risks building up in clearing houses, suggests Albert Menkveld
Slow start to ASX Australian dollar OTC derivative clearing
Dealers have been slow to move on to ASX's clearing house with just $124 billion cleared in the year since its launch
Market ready if CFTC mandates Aussie IRS clearing
Australian market players convinced US regulators are poised to expand their clearing mandate to include Australian dollar interest rate swaps