Custodians Come Together to Standardize Margin Statements for Cleared Swaps
A group of global custodian banks are working together to establish a standardized format for margin statements…
Clearing
DerivSource provides industry analysis, expert Q&As and commentary articles on derivatives clearing, FCM clearing including news related to derivatives clearing organizations and clearing houses (CCPs). Common themes covered include regulatory change, such as EMIR, innovations in clearing services related to collateral management, margin management, netting, and risk for cleared derivatives and any trends that impact market participants on the buy side including pension funds, corporates, and asset managers.
European Council Adopts Rules on Derivatives
The European Council today adopted a regulation aimed at increasing transparency in derivatives and reducing risk in…
CFTC to Hold Open Meeting to Consider Final Rule on the Further Definition of the term “Swap,” Final Rule on the End-User Exception to Clearing, and Proposed Rule to Exempt from Clearing Certain Swaps by Cooperatives
The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Tuesday, July 10, 2012, at…
SEC Adopts New Procedures for Reviewing Clearing Submissions Under Dodd-Frank Act
The Securities and Exchange Commission has adopted rules that establish procedures for its review of certain clearing…
Clearing Certainty: Push, Ping or Hub Model?
Clearing certainty is a concern for many market participants as the industry moves towards central clearing. Lynn…
Hong Kong Exchange Renews Contract With NASDAQ OMX and Upgrades to INET-Based Trading Platform
HKEx Migrates to Genium INET Powered Platform for Derivatives Trading and Clearing The NASDAQ OMX Group, Inc….
ESMA Proposes Rules on Derivatives, Central Counterparties and Trade Repositories
The European Securities and Markets Authority (ESMA) has launched a consultation on its technical standards under the…
NASDAQ OMX Plans to Launch NASDAQ OMX NLX, a New London Based Interest Rate Derivatives Platform
New Electronic Trading Platform Will Offer a Comprehensive Suite of European Short-Term and Long-Term Listed Interest Rate…
IOSCO Publishes a Report for the G20 on the Credit Default Swap Market
The International Organization of Securities Commissions has published today a report on the Credit Default Swap Market,…
OTC Derivative Market Reforms Raise Challenging Questions for Sovereign Institutions, says BNY Mellon Report
Classification of sovereigns and subsequent variation in Basel III capital adequacy rules must be addressed to avoid…