Weekly Roundup | Clearing | 18 January 2014
LCH.Clearnet Expands Credit Default Swap Clearing Service
LCH.Clearnet, the clearing house majority owned by the London Stock Exchange, has expanded its credit default swap (CDS) clearing service, as it seeks to improve efficiency for clients and capitalise on derivatives trading reforms. Reuters: LCH.Clearnet Expands Credit Default Swap Clearing Service.
CFTC Grants LCH.Clearnet SA Registration as a Derivatives Clearing Organization
Washington, DC — Today, the Commodity Futures Trading Commission (Commission) issued an Order granting Banque Centrale de Compensation, doing business as LCH.Clearnet SA (LCH.C SA), registration as a derivatives clearing organization pursuant to Section 5b of the Commodity Exchange Act. CFTC Press Release: CFTC Grants LCH.Clearnet SA Registration as a Derivatives Clearing Organization
BayernLB joins EurexOTC Clear
Bayerische Landesbank (BayernLB) has been clearing member of EurexOTC Clear for Interest Rate Swaps (IRS) since 18 December 2013 to bring the total number of clearing members to 22. Eurex Clearing: BayernLB joins EurexOTC Clear.
ABN AMRO Clearing becomes a member of EurexOTC Clear for Interest Rate Swaps
ABN AMRO Clearing has become clearing member of EurexOTC Clear for Interest Rate Swaps (IRS) to bring the total number of clearing members to 23. Eurex Clearing: ABN AMRO Clearing becomes a member of EurexOTC Clear for Interest Rate Swaps.
BUSINESS REVIEW: "The impacts and challenges of EMIR" by Florence Besnier. (French)
In her article for BUSINESS REVIEW, Florence Besnier, Senior Vice President Business Relations at Eurex Clearing, talks about EMIR and its impacts and challenges from the point of a Central Counterparty and what Eurex Clearing is offering its customers in terms of segregation models and more. Eurex Clearing: BUSINESS REVIEW: "The impacts and challenges of EMIR" by Florence Besnier. (French).
Nasdaq OMX Nordic Clears First Buyside Swap
Nasdaq OMX Nordic has cleared its first interest rate swap from an institutional investor as market participants prepare for tougher incoming European rules governing derivatives trading. FT: Nasdaq OMX Nordic Clears First Buyside Swap.
Examining the New Business Models for FCMs in the Evolving Derivatives Industry
A recently published whitepaper by Fidessa entitled “You Only Live Twice, examines how FCM business models are changing as a result of new financial regulation. Fidessa’s Steve Grob explains the challenges FCMs face as they adapt workflow and technology to align with these new business models. DerivSource: Examining the New Business Models for FCMs in the Evolving Derivatives Industry.
FX Clearing a Priority for 2014, Vows CLS Chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year. Risk: FX Clearing a Priority for 2014, Vows CLS Chief.