Register for this Complimentary Webinar November 16, 2010
Central Clearing OTC Derivatives in a New Regulatory Environment: Understanding use of CCP Clearing under Dodd-Frank Legislation
In a Webinar, industry experts discuss the implications of the Dodd-Frank legislations’ requirements for central clearing of some derivatives for market participants including banks, brokers and buy-side firms.
The Dodd-Frank Wall Street Reform & Consumer Protection Act sets out that standardized derivatives contracts, such as certain swaps, must be centrally cleared, and cleared transactions must be traded on either an exchange or via a swap execution facility (SEF).
The move towards clearing certain OTC derivatives through a central counterparty (CCP) facility has long been underway. Several clearinghouses are up and running having seen the opportunity to provide services the regulators deem would limit counterparty risk and provide more transparency.
With the mandated clearing, however the regulators will now have the authority to decide which derivatives are eligible for central clearing and to enforce related requirements which will change the way both buy-side and sell-side firms manage aspects of their post-trade derivatives processing operation.
In a Webinar, a panel of industry experts will review how central clearing of derivatives will evolve in the new regulatory environment and how these changes will impact both buy-side and sell-side firms.
The Webinar panel will aim to address the following questions:
* What should regulators consider in determining which derivatives should be centrally cleared? (I.e. valuation procedures and liquidity requirements)
* What makes a trade unsuitable for clearing via a central counterparty (CCP) facility?
* What are the other requirements set out by the new legislation, i.e. real-time and public reporting, rules around block trades, etc., which will central clearing of OTC derivatives.
* How are the CCPs such as ICE, LCH.Clearnet, CME and Eurex improving services in light of the new regulation (i.e. expanding to new derivative types such as interest-rate swaptions)?
* Dark pools and ‘negotiated dark pools’ – will they be classified as a SEF?
* Will single–dealer systems be classified as a SEF?
* What are the scenarios where a cleared swaps won’t be required to trade via an exchange or via a SEF?
* How will the CFTC and SEC likely decide which OTC derivatives should be cleared; and traded via an exchange and/or aSEF?
Webinar Format:
Roundtable Discussion followed by audience Q&A
Speakers:
Joe Sack, SIFMA / AMF
Sanela Hodzic, Calypso Technology (Event Sponsor)
James Wallin, AllianceBernstein
Steve Mahoney, Credit Suisse
Sunil.Cutinho, CME Group
Please register for this complimentary Webinar now to secure your space. Register here and please check your spam folder for login details sent via DerivSource (and Webex).
If you have any questions please feel free to email Julia Schieffer at julia@derivsource.com
