{"id":14465,"date":"2013-04-24T14:02:58","date_gmt":"2013-04-24T14:02:58","guid":{"rendered":"https:\/\/wordpress-693215-2610341.cloudwaysapps.com\/index.php\/2013\/04\/24\/macirs-sifma-isda-standardized-swaps-initiative\/"},"modified":"2013-04-24T14:02:58","modified_gmt":"2013-04-24T14:02:58","slug":"macirs-sifma-isda-standardized-swaps-initiative","status":"publish","type":"post","link":"https:\/\/theotcspace.com\/macirs-sifma-isda-standardized-swaps-initiative\/","title":{"rendered":"MacIRS: SIFMA\/ISDA standardized swaps initiative"},"content":{"rendered":"<p>The following articles describe the announcement made by ISDA and SIFMA jointly at the Singapore ISDA meeting today: <a href=\"http:\/\/www.risk.net\/risk-magazine\/news\/2263594\/isda-agm-template-for-standardised-interest-rate-swaps-launched\" rel=\"nofollow noopener\" target=\"_blank\">Risk.net article<\/a> (subs), <a href=\"http:\/\/www.businessweek.com\/news\/2013-04-23\/swaps-committee-creates-standardized-interest-rate-contract\" rel=\"nofollow noopener\" target=\"_blank\">Bloomberg article<\/a>, <a href=\"http:\/\/www.sifma.org\/newsroom\/2013\/sifma%E2%80%99s-asset-management-group-helps-develop-new-market-agreed-coupon-for-interest-rate-swaps\/\" rel=\"nofollow noopener\" target=\"_blank\">SIFMA piece<\/a>. The fixed rates are in increments of 0.25% rather than being set at par coupon and the start dates are forward IMM dates and periods are the more liquid numbers of years. The <a href=\"http:\/\/www2.isda.org\/attachment\/NTUyNQ==\/MAC%20confirmation%20form.doc\" rel=\"nofollow noopener\" target=\"_blank\">ISDA term sheet template<\/a> is worth looking through. This is big as it represents the major market players agreeing to standardize swaps for the first time where before this was seen as a buy-side convenience but traded offmarket and less liquid than the spot starting swap for the same numbers of year on a given day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following articles describe the announcement made by ISDA and SIFMA jointly at the Singapore ISDA meeting today: Risk.net article (subs), Bloomberg article, SIFMA piece. The fixed rates are in &#8230; <\/p>\n<div><a href=\"https:\/\/theotcspace.com\/macirs-sifma-isda-standardized-swaps-initiative\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":165322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2894,2846,2977,57],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/14465"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/comments?post=14465"}],"version-history":[{"count":0,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/14465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media\/165322"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=14465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/categories?post=14465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/tags?post=14465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}