{"id":14586,"date":"2013-06-23T19:57:45","date_gmt":"2013-06-23T19:57:45","guid":{"rendered":"https:\/\/wordpress-693215-2610341.cloudwaysapps.com\/index.php\/2013\/06\/23\/major-clearing-brokers-announce-support-for-the-isda-clearing-connectivity-standard-business-wire\/"},"modified":"2013-06-23T19:57:45","modified_gmt":"2013-06-23T19:57:45","slug":"major-clearing-brokers-announce-support-for-the-isda-clearing-connectivity-standard-business-wire","status":"publish","type":"post","link":"https:\/\/theotcspace.com\/major-clearing-brokers-announce-support-for-the-isda-clearing-connectivity-standard-business-wire\/","title":{"rendered":"Major Clearing Brokers Announce Support for the ISDA Clearing Connectivity Standard | Business Wire"},"content":{"rendered":"<p>This is a few days old, but it&#8217;s an interesting move &#8211; the problem CCS is trying to address is that each CCP and each FCM have their own specific communications and reporting formats, which CCS provides a standard alternative to.<\/p>\n<p>The FCMs \/ Clearing Brokers announcing support for CCS will therefore provide any buy-side Client with data using the CCS format, rather than each buy-side firm implementing a different data format from each FCM \/ CB.<\/p>\n<p>ISDA have a page dedicated to the CCS topic here:\u00a0<a href=\"https:\/\/www2.isda.org\/functional-areas\/technology-infrastructure\/clearing-connectivity-standard-ccs\/\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/www2.isda.org\/functional-areas\/technology-infrastructure\/clearing-connectivity-standard-ccs\/<\/a><\/p>\n<p>Whether this becomes a global standard for all clearing intermediaries and broadens into other asset classes remains to be seen &#8211; but if it provides a low(er) cost and quicker way for a buy-side firm to engage with an intermediary, and whether it also facilitates easier switching between FCMs \/ CBs, will be the key drivers I suspect.<\/p>\n<p>Press release:\u00a0<a href=\"http:\/\/www.businesswire.com\/news\/home\/20130610005911\/en\/Major-Clearing-Brokers-Announce-Support-ISDA-Clearing\" target=\"_blank\" rel=\"noopener nofollow\">Major Clearing Brokers Announce Support for the ISDA Clearing Connectivity Standard in Accordance with June 10th Clearing Deadline | Business Wire<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a few days old, but it&#8217;s an interesting move &#8211; the problem CCS is trying to address is that each CCP and each FCM have their own specific &#8230; <\/p>\n<div><a href=\"https:\/\/theotcspace.com\/major-clearing-brokers-announce-support-for-the-isda-clearing-connectivity-standard-business-wire\/\" 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":[2862,2894,2971,2869,57],"tags":[3602,3300],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/14586"}],"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=14586"}],"version-history":[{"count":0,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/14586\/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=14586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/categories?post=14586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/tags?post=14586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}