Clearing

EUR Swap Volumes by Tenor

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Last week I briefly covered cleared EUR Swap volumes in Swaps Data: The Big Get Bigger in Cleared Swaps, so today I will look in more detail into these and specifically LCH SwapClear volumes by tenor. Average Daily Volume (ADV) Lets start with ADV by month for EUR Interest Rate Swaps cleared at LCH SwapClear, […]

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CLS launches the first PvP settlement service specifically designed for cleared FX derivatives

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CLS, a market infrastructure group delivering settlement, processing and data solutions, announced the launch of CLSClearedFX ─ the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives.

The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling cleared FX products.

LCH, a leading global clearing house, is the first to go live with the service offering for their clearing members, with further CCPs expected to join.

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How Much Data Do We Have?

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We saw record cleared volumes in vanilla IRS in June 2018. We take a look at the data behind these records. SDR data covers 60% of cleared volumes in USD swaps. SDR data also covers non-USD swaps and we quantify exactly what proportion of the market it covers. Introduction With MIFID data soon to be […]

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J.P. Morgan goes live with client clearing at LCH CDSClear

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  • J.P. Morgan is the first US bank to offer client clearing through CDSClear
  • AMF is live clearing both EUR and US CDS products
  • Builds on LCH SA’s growing CDS clearing business
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Actual Cleared Volumes vs. Mandated Cleared Volumes: Analyzing the US Derivatives Market

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Encouraging the clearing of standardized derivatives has been a major priority for policy-makers. This has primarily been pursued through the implementation of clearing mandates, but other incentives also exist – netting and capital benefits, and the rollout of margining requirements for non-cleared derivatives, for example. As a result, the majority of interest rate derivatives (IRD) traded notional is now cleared.

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Actual Cleared Volumes vs. Mandated Cleared Volumes: Analyzing the US Derivatives Market

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Encouraging the clearing of standardized derivatives has been a major priority for policy-makers. This has primarily been pursued through the implementation of clearing mandates, but other incentives also exist – netting and capital benefits, and the rollout of margining requirements for non-cleared derivatives, for example. As a result, the majority of interest rate derivatives (IRD) traded notional is now cleared.

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LCH clears first trade for a Mexican bank

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  • BBVA Bancomer is first Mexican client to access SwapClear, following LCH’s recognition as a Foreign CCP from Banco de México
  • BBVA SA Madrid acts as clearing broker for the trade
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Minium and Exactpro partner to perform Advanced Quality Assurance on Minium’s Clearing Risk Management & Post-Trade Processing systems

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  • Minium Financial Technology (“Minium”), a Cinnober Group company, offers real-time risk management and post-trade processing service for clearers and prime brokers, delivered as a Software as a Service (“SaaS”) product to allow clients to harness the power of the Cloud.
  • Partnership with Exactpro provides independent functional and non-functional testing, offering Minium’s clients the highest level of transparency and confidence in the quality of the Minium system.
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Euro Clearing—Will it Stay, or Will it Go?

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With just months to go until the UK’s scheduled split from the European Union, one of the key issues for derivatives firms is what will happen to euro clearing.

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