Singapore Exchange (SGX) has a long and successful history of innovation in the derivatives markets. Central to this was early recognition of the benefits of

An update to our collation of the CCP notional figures. as of February.

SGX has added new cleared OTC IRS contracts in Malaysian Ringgit and Thai Baht IRS but settled in USD

Note: Originally published in 2011 – we reloaded the images and this happened to republish itself. The piece is still relevant, even if events have

Streetwise Professor (Craig Pirrong) Looks at Moral Hazard Risk in Clearing "[…]if the firm already has debt outstanding, under standard pro rata/pari passu default loss

In advance of a longer piece, here's the links to presentations by the various CCPs on how their EMIR segregation models work: Eurex http://www.eurexclearing.com/blob/clearing-en/46816/305764/12/data/eurex_otc_clear_services_july_2013.pdf (page

With the help of Will Woodward at Aite Group the CCP chart is now updated from the February CCP status chart. Highlights in comparison show that:

Given today's story at Risk Magazine about SwapClear tuning their IM model for a low interest rate environment, it's interesting that more or less all

Based on feedback from people out here in Singapore, and more research, my CCP status chart now has added items: Two new CCPs added, one

In a press release (link below) from SGX they say: Clearing of financial derivatives New OTC interest rate swap transactions cleared was S$8.1 billion notional