Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Clearing house expects tremendous demand once mandate kicks in
Newly launched CNT Taibor raises concerns
Returns of the Mac
Isda-Sifma working group discussions continue but trueEX prepares to list OTC swaps with standard coupons and IMM dates
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for Singapore and US dollar interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local currencies...
Spanish dealers explain how hedging related to sovereign debt issuance and Latin America will be key revenue sources in 2010