As asset managers and investment firms prepare for uncleared margin rules due in March 2017
The Bank of England's decision in 2012 to start using two-way collateral model fails to spur change, and traders are calling for more to adopt the model
Forthcoming Sef rules will not address margin concerns raised by Bloomberg
A second consultative document from the Working Group on Margining Requirements gives the industry until March 15 to make its case again for an exemption from mandatory margin
Secretary general of Iosco confirms that further work is needed to assess the economic impact of margin requirements for uncleared derivatives
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
While the idea behind a maturity threshold for FX collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition
New rules would see OTC markets over-margined while futures may be under-margined. The collateral required to support OTC trading in cleared and uncleared products could have systemic implications.
Isda estimates that mandatory clearing and margin could require the posting of up to $30 trillion of initial margin have been inflated, not least because of a likely exemption for FX swaps and forwards, according to a senior BoE official
A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians.
Working group publishes proposed margin rules for uncleared trades – bringing global rules in line with an earlier US proposal
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
Latest proposal extends number of silos from five to 17, mirroring approach taken by LCH.Clearnet
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase rollout expected as early as the second quarter of 2012
Buy-side want eligible collateral extended to equities
Citi gains key client for third-party collateral management service
No margin for error
Derivatives market set for shake-up as confusion over how to price multi-currency CSA trades drives a push towards a standardised collateral agreement
The Commodity Futures Exchange Commission (CFTC) tabled four proposals on segregation for client margin in cleared over-the-counter derivatives trades, and early feedback from the industry indicates a clear front-runner.
The Lehman Brothers Holding Inc (LBHI) administration has decided to reach an out-of-court settlement with Australian investment services group Perpetual Trustee over disputed collateral in a series of credit-linked notes issued by Saphir Finance - a...
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.