Margin

Tackling the IM Challenge

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Let’s start with the good news. The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) last week published a statement highlighting that counterparty relationships that fall below an initial margin (IM) exchange threshold aren’t obliged to meet documentation, custodial or operational requirements.

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ISDA Response to BCBS/IOSCO Statement on Non-cleared Margin Requirements

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ISDA has published the following response to the statement by the Basel Committee on Banking Supervision and International Organization of Securities Commissions on the final implementation phases of the margin requirements for non-centrally cleared derivatives.

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IM Phase 5 mitigation…’ish

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Banks have spent the last four years gamely preparing for and complying with IM regulations. Phases 1-3 have been challenging, the current phase 4 promises more of the same. The market has long been aware that phases 1-4 are mere kittens to the phase 5 (probably angry) tiger. Useful initiatives- negotiation platforms, custodian portals, standardised […]

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ISDA 34th AGM | April 9 – 11 | Grand Hyatt Hong Kong

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At the upcoming 2019 ISDA AGM

 

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ISDA Response to ESMA and EC on Proposed Technical Standards on Brexit-related Novations

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ISDA sent a letter to ESMA and the European Commission commenting on the proposed technical standards on Brexit-related novations. ISDA welcomes these standards that seek to give relief from the margining and clearing requirements to OTC derivative contracts that are transferred (novated) from a UK to an EU counterparty.  However, the fact that the relief is contingent on the event of a no-deal Brexit makes it operationally difficult for firms to enter into agreements to novate contracts.

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Cassini Systems Named Best Trading and Execution Platform of the Year in HFM US Hedge Fund Technology Awards 2019

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New York and London – February 8th, 2019 – Cassini Systems, the leading market provider for pre and post trade analytics for derivatives trading, has been named Best Trading and Execution Platform of the Year in the HFM US Hedge Fund Technology Awards 2019.

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Cassini Systems Named Best Trading and Execution Platform of the Year in HFM US Hedge Fund Technology Awards 2019

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New York and London – February 8th, 2019 – Cassini Systems, the leading market provider for pre and post trade analytics for derivatives trading, has been named Best Trading and Execution Platform of the Year in the HFM US Hedge Fund Technology Awards 2019.

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