IM & SIMM should now be part of front office decision making, and long-term portfolio management. Our panel intends to discuss the extent to which initial margin should be part of all trading and portfolio decisions. For UMR firms who are above the average notional threshold but potentially beneath the 50mm IM threshold on a relationship, can scale down their compliance plans. But, knowing the amount of IM needs work and managing the IM amount isn’t simple.
As part of Margin Reform's ongoing strategy to support and influence the financial services industry, we have been assisting Institutional Investor educational events, and several market participants across their Uncleared Margin Rules change delivery programmes.
Quantile, has been awarded GlobalCapital’s Global Compression Service of the Year - for the second consecutive year.
Praised by GlobalCapital Magazine for a year in which Quantile, "grew its core business and evolved its offering to meet clients' needs against a shifting regulatory backdrop," the award recognises Quantile's success in supporting banks to manage their counterparty risk while also increasing the efficiency and liquidity of financial markets.
LCH SwapAgent has registered its first SONIA/SOFR cross-currency basis swap. The GBP / USD basis swap was executed between Bank of America and Lloyds Bank Corporate Markets.
Nathan Ondyak, Global Head of LCH SwapAgent, said: "This latest milestone for LCH SwapAgent demonstrates the service's capability to facilitate a coordinated transition to risk free rates for non-cleared OTC derivatives. This neatly complements our existing offering which is delivering operational and funding efficiencies to a growing community of members."
CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, one of the largest exchange organisations worldwide, along with Tier-1 global investment banks and current CloudMargin clients Deutsche Bank and Citi.
TriOptima has extended its collaboration with AcadiaSoft to automate monthly collateral interest payments, making trade processing more efficient for over-the-counter (OTC) market participants.
SQX and Cassini Systems have partnered to provide a free service for SGX market participants, to help them prepare to meet the UMR requirements.
A new podcast has arrived intending to cover all things to do with margin, entitled Margin Matters. The series has been specifically created to shine a light on critical areas and themes within the financial industry. The broadcast is hosted by Virginie O'Shea of Firebrand Research.