DTCC takes next step to become the worlds OTC trade repository
The first step for DTCC was to win an RFP process run by ISDA and it’s member firms, to select an organization to provide a Trade Repository service, meaning a …
Consultancies and Law Firms caught by MF Global
JP & Deutsche are easily at the top of the list, but the next big loser is Headstrong, an Indian based consultancy and IT shop: http://www.businessinsider.com/who-are-the-mf-global-creditors-2011-10 Consultancies coming in at …
SwapClear trades not so unique
SwapClear trades are largely unique, so trade netting not so easy: wp.me/p1H7fz-2L What this means is that rate swaps are customised in nearly all cases, making netting of trades with …
SGX publish IRS CCP notionals
I might not be the first to notice, but if you can navigate the SGX website, you'll find their monthly statistics update, which now includes OTC IRS broken out, here's the …
It looks like a swap, it flies like a swap, what can it be? It’s Eris
Today Eris received CFTC approval to be a Designated Contract Market for their new Interest Rate Swap futures. To go after the ISDA based OTC contract market, Eris has designed …
World’s best whisky
I couldn’t help but accidentally order a bottle of the 12 year old, the story below regards the 21. The immediate impression is of a rich but not peaty aroma, …
Dan Maguire becomes Head of SwapClear US
My mate Dan now heads the SwapClear team in the US, more or less a de facto position given his activities over there in the past fews months. Dan was …
Books for sale
A variety of topics here, no set prices, make me an offer. Nouriel Roubini, Crisis Economics: written post-Lehman Lewis Pinault, Consulting Demons: if you’re in consulting, you need to read …
Exotic OTC contracts- there’s an app for that!
A new business http://derivatrust.com/ has launched a business which on face value appears to be offering “apps” in the style of the iPhone AppStore or Android Marketplace. Looking deeper, and reading the …
Collateral transformation, silver bullet or smoke and mirrors
What risks does collateral transformation bring to buy-side institutions, in meeting the margin requirements of a CCP? As the OTC market heads towards clearing in 2012, a wide population of …