The OTC Space | Tag Archive

The week that was – 25.03.2013

March 25, 2013 by Tom Riesack 0 Comments

Dear all, I started this last week – going forward at the beginning of the week I will provide an overview of interesting news pieces on the topic of derivatives and related areas. At the beginning you get an idea of what to find below. Feedback is always welcome! (Some articles require a subscription such as […]

ABN Amro, clearing houses, collateral management, Commodity Futures Trading Commission, Depository Trust & Clearing Corporation, Dodd Frank, Dodd–Frank Wall Street Reform and Consumer Protection Act, EMIR, esma, Federal Financial Supervisory Authority, JPMorgan Chase, otc derivatives, regulation, repositories, US Person

OTC Derivatives – News Digest – 18.3.2013

March 19, 2013 by Tom Riesack 2 Comments

Dear Reader, Starting this week you receive a compilation of news items (thus “News Digest”) from the week that just went. A short summary of highlights precedes the article abstracts and corresponding links. A number of those are from sources like Risk or FT, which obviously require a subscription. Some of the items are abstracts […]

Nov 13th: Eurex IRS goes live

October 30, 2012 by Bill Hodgson 0 Comments

Long PDF (582 pages) here which is mainly a black-line version of their rules and regs. IRS, FRAs, OIS, Basis Swaps. Eurex will be aiming to capture European business with their market leading individual segregated account solution and aiming at the many buy-side firms who will need a way into clearing as the EMIR / […]

Central Counter Party, Eurex

ccp, clearing houses, derivatives, irs, otc derivatives, rate swaps

CCP Score Sheet as of October 2012

October 16, 2012 by Bill Hodgson 10 Comments

It’s been a while since I updated my popular chart with the current notionals at the various CCPs. New entrants to this months chart include: JSCC for IRS off to a quick start with $42bn Data for CME and LCH on NDFs IDCG became SwapClear US KDPW with concrete plans to launch next month Eurex […]

clearing houses, cme, derivatives, eurex, irs, lch clearnet, murex, otc derivatives, progress report, rate swaps, software platform

Polish OTC Clearing Planned for Nov 2012

October 16, 2012 by Bill Hodgson 3 Comments

KDPW CCP plans to launch clearing of OTC products on the 19th November 2012, having worked with MarkitSERV and SWIFT for trade acceptance. KDPW have an impressive list of launch products: Forward Rate Agreements Interest Rate Swaps Overnight Index Swaps Basis Swaps REPO With more to come in Jan 2014 including: FX Swaps FX Options […]

Central Counter Party, KDPW

ccp, clearing houses, derivatives, EMIR, otc derivatives, rate swaps

Russian CCP for OTC products is coming / Русская КПК для OTC продуктов идет

June 5, 2012 by Bill Hodgson 0 Comments

I came across this PDF (on the right of this page) showing details of the creation of a CCP in Russia. The early chart on the domestic product mix shows IRS as a small proportion of their OTC market, but even so the plans will include IRS and also move into the FX market. The plan […]

ccp, clearing houses, derivatives, otc derivatives, rate swaps, repositories

Speakers wanted – Collateral Management and Risk (VaR)

May 18, 2012 by Bill Hodgson 2 Comments

I have agreed to host & run an interactive workshop for half a day prior to the Marcus Evans annual Collateral Management conference, the event is described in this PDF and already has good support from key industry people. I have two speaking slots available, each for 45 minutes plus 15 mins for the interactivity such […]

Conference, Featured

clearing houses, collateral management, credit exposure, derivatives, marketing

Analysis of the new SwapClear – the membership gates are wide open

April 27, 2012 by Bill Hodgson 4 Comments

The membership framework at SwapClear has been in place in the early 2000s, linking the entry criteria to the default management procedure tightly. The announcement yesterday of a heavily revised framework opens the door to many more direct members, provided they can live with the new approach to default. Below I’ve done a rough comparison […]

ccp, clearing houses, clearing member, cme, credit exposure, default fund, eligible collateral, lch clearnet, otc products, rate swaps, swap dealer

Follow-up on Javelin & CME real-time IRS clearing

February 1, 2012 by Bill Hodgson 1 Comment

As a follow-on to the press release by Javelin on 2 second clearing, my story here, I spoke with Javelin, and then CME who lie at the heart of the speed results. The original story was that Javelin were managing to clear trades within 2 seconds, and my many questions revolved around the type of trades, […]