The OTC Space | Tag Archive

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 […]

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 […]

Contingent Credit Default Swaps (CCDS)

December 19, 2011 by Bill Hodgson 0 Comments

Story from IFR here on the movement to standardise the CCDS. A Contingent CDS provides protection on a range of underlying reference contracts, planned to include Interest Rate, FX and Commodity OTC products. You pay a premium, for the right to receive the PV of the reference transaction, see below. Page 35 of this PDF has […]