A panel of experts will provide a step-by-step guide for what central clearing means for investment managers and hedge funds and how this change will affect the sell side and their services to their buy-side clients
The deadline has passed for buy-side firms to centrally clearing some of the more ‘standard’ credit derivatives via central counterparty clearing entities. Many investment managers and hedge funds require more clarification on the clearing services offered by exchanges and how their sell side service providers can help get on board with the central clearing. Such a dramatic change in post-trade clearing of OTC derivatives is not to be underestimated or rushed.
A panel of industry experts will offer their extensive knowledge and recently acquired experiences in the central clearing of CDSs. The panel will provide a much needed update on the current landscape of central clearing of CDS, explaining the differences between the various services on offer, and providing a ‘how to guide’ for how buy-side institutions can make use of a central counterparty structure for credit derivatives. Attendees will hear about the main challenges inherent in moving to this new clearing model and learn how such a change will impact their internal operations, risk management procedures and change relationships with sell side and other service providers. Sell-side institutions will gain insight into the appetite from central clearing and learn how banks can build better services and scalable infrastructure capable of supporting the new clearing needs of their investment management clients.
Format: Webinar
Date: 18 February 2010
16.00-17.15 GMT (London/Dublin)
17.00-18.15 CET (Paris/Berlin)
11.00-12.15 EST (New York/Boston)
08.00-09.15 PST (San Francisco/Los Angeles)
Speakers:
Joe Sack, Executive Adviser, SIFMA Asset Management Group
Bill Hodgson, Director, Sapient
Cynthia L Meyn, Senior Vice President, PIMCO
Moderated by:
Julia Schieffer, Founder & Editor-in-Chief, DerivSource
More speakers will be announced shortly – for any queries relating to speakers or topics for discussion, please contact Julia Schieffer on julia@derivsource.com.
Key topics for discussion
· Who is who in central clearing of CDSs? A comparison of the different exchange services on offer including new entrants such as LCH.Clearnet but established players including ICE, CME and Liffe.
· What will be centrally clearing? What are the ‘standard’ instruments eligible for central clearing?
· Operations Changes for Central Clearing – how will central clearing impact internal operations and procedures?
· Margining and Risk Management – how will central clearing affect existing margin calculation and counterparty risk management processes?
· Sell-Side and Service Providers – what does the buy side need from its service providers for central clearing? How can banks build better clearing support for CDS clearing?
· Long-term effect – what are the long-term effects of central clearing for CDSs for individual financial institutions and the industry in general?
· What’s next for central clearing? Will other instruments be centrally clearing in the future? Will volumes of central cleared products grow?
* DerivSource Members get 50% off with "DerivSource" discount code.
To Register: www.regonline.co.uk/central_clearing