April 26, 2012
Massive change at SwapClear – new Default Fund, Open Access
UPDATE (Friday 27th): I wrote a longer before/after comparison here.
- Segregated Default Fund of between £1bn and £5bn
- Requirement for an ‘A’ rating dropped
- Requirement for a minimum $1trn portfolio size dropped
- Minimum contribution to the Default Fund of £10m
Too much to read after a couple of glasses of wine – but big change in the competitive landscape for direct access to Central Clearing for OTC products.
Full details via LCH.Clearnet Group – Member Notices – Circulars – 2012-04-26 SwapClear Member Circular.
Sep. 15, 2022
Tradefeedr Hires Alexis Fauth as Head of Data Science and Client Analytics
Sep. 06, 2022
Siege FX announces the launch of NetFix
Aug. 02, 2022
OSTTRA and LCH collaborate to reconcile bilateral OTC trade data
Jul. 26, 2022
Sell-side systems in need of upgrade for new risk reality
Jul. 15, 2022