TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions, has released a margin calculator offering intended to improve the way securities firms meet the minimum requirements of central counterparty clearinghouses (CCPs). The RiskSmart X’s CCP Margin Calculator is an extension of the RiskSmart X offering that launched last year, which helps… Read More >>
Who’s Liable for Non-Default Losses at CCPs?
The World Federation of Exchanges (WFE) wants the securities industry to focus on how central counterparty clearinghouses (CCPs) handle rare but potentially extreme non-default losses (NDLs), and evolve to a situation that avoids any confusion about liability among users of CCP services. “NDLs refer to losses that may arise from any risk event that is… Read More >>
ISDA’s Best Practices Target CCP Members
The International Swaps and Derivatives Association (ISDA) is setting forth in a new white paper a set of best practices for central counterparty clearinghouses (CCPs) in a bid to prevent troubling defaults that have to then be absorbed by CCP participants. Citing two recent defaults, ISDA says that they represent “the weaknesses in some CCP… Read More >>
