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February 6, 2014

Weekly Roundup | Clearing | 6 February 2014

Central Clearing Calls for Effective Collateral Management

As Central Clearing is more and more widely adopted around the globe, collateral, especially highly liquid collateral, is in high demand. Capco: Central Clearing Calls for Effective Collateral Management.

 

Who Authorises and Supervises CCPs in Europe?

ESMA is responsible for maintaining a list of National Competant Authorities around Europe, these organisations will participate in the 'College' process of CCP re-authoristion during this year. The OTC Space: Who Authorises and Supervises CCPs in Europe?

 

BNP Paribas and Morgan Stanley join EurexOTC Clear

BNP Paribas and Morgan Stanley, two major global banks, joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing's central counterparty service for OTC derivatives, increasing the total number of clearing members to 32. Eurex Clearing: BNP Paribas and Morgan Stanley join EurexOTC Clear.

 

EurexOTC Clear Gains Strong Support Among Sell- and Buy-Side Firms

Onboarding commenced by over 120 buy-side firms/32 clearing members from seven European countries connected/Eurex Clearing's unique individual segregation model and cross-margining capability seen as major benefits. Eurex Clearing: EurexOTC Clear Gains Strong Support Among Sell- and Buy-Side Firms.

 

On-Boarding of More Than 120 Buy Side Firms Has Commenced

At the end of last year, we informed you about our fee waiver program for EurexOTC Clear, which allowed our Clearing Members and Registered Customers to profit from no OTC IRS clearing fees until January 2016 if they on-boarded by 31 December 2013. Eurex Clearing: On-Boarding of More Than 120 Buy Side Firms Has Commenced.

 

Pension Funds Call for Clearing Exemption Extension

Funds cite inability to post non-cash variation margin as grounds for further relief. Risk: Pension Funds Call for Clearing Exemption Extension.

 

JSCC and Clearing of Yen Interest Rate Swaps

The news late last year that Japan Securities Clearing Corporation (JSCC), was awarded Clearing House of the Year by Asia Risk magazine (PDF), reminded me of this intention, so I decided to take a deeper look. Those of you that read my articles know that I always focus on data and so it is great that JSCC provide an excellent Statistics page. What does this tell us?

The OTC Space: JSCC and Clearing of Yen Interest Rate Swaps.

 

FX NDF Trading on SEF platforms | ClarusFT

This articles looks at Non-Deliverable FX Forwards data for USD/BRL, USD/INR, USD/CNY & USD/KRW currency pairs. It analyses trading volumes by On SEF vs Off SEF and Cleared vs UnCleared. The OTC Space: FX NDF Trading on SEF platforms | ClarusFT.

 

CCS Update: The Evolution of the Emerging Standard for OTC Clearing

DerivSource spoke to Jim Bennett and Phillip Matricardi from Sapient Global Markets for an update on the evolution of the Clearing Connectivity Standard (CCS) and to explore what lies ahead for this OTC clearing standard in the coming year. DerivSource: CCS Update: The Evolution of the Emerging Standard for OTC Clearing.

 

ECB's Coeure and US Counterparts Puzzle over Clearing Houses

International Standards Necessary to Close Gaps in Derivatives Clearing. MNI: ECB's Coeure and US Counterparts Puzzle over Clearing Houses.

 

Derivatives Exchanges Raise the Stakes

Some of the world's largest derivatives exchanges are building up a portfolio of investments in bourses around the globe to tap into the potential of some of the world's fastest growing markets. Futures and Options World: Derivatives Exchanges Raise the Stakes.

 

CME and ICE Warn on Plan to Force Open European Clearing Houses

The heads of the world's two largest exchange operators by market value have warned against proposals to force open Europe's clearing houses, arguing policy makers could undermine the stability of global markets. FT: CME and ICE Warn on Plan to Force Open European Clearing Houses.

 

European CCPs Overhaul Futures Margin Models

Some clearing houses are pushing up margin requirements to address procyclicality concerns – but no change is planned at CME or Eurex. Risk: European CCPs Overhaul Futures Margin Models.

 

 


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