(Custodian bank BNY Mellon is teaming up with collateral management software and services vendor AcadiaSoft to offer an outsourced service that supports margin calculations for non-cleared derivatives. This is an effort to help buy-side derivatives market participants “fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon,”… Read More >>
Murex Focuses New Offering on LIBOR Transition
Murex & LCH Also Working on Clearing Issues Murex, a specialist vendor for trading, risk management and processing solutions has launched a transition offering and a task force to address “the challenges of the 2021 discontinuation and benchmark reforms” that will end the usage of the London Interbank Offered Rate, or LIBOR. Over the years,… Read More >>
Firms Secured $158 Billion in IM Last Year
The level of initial margin (IM) gathered in 2018 by 20 top securities firms for non-cleared derivative transactions grew by 47 percent to approximately $157.9 billion compared to $107.1 billion at the end of March 2017, according to the latest margin survey of the International Swaps and Derivatives Association (ISDA). The survey results, released at… Read More >>
How to Cope With UMR Compliance: Q&A
(Editor’s Note: Much has been made about buy-side firms and if and when they will have to comply with Uncleared Margin Rules (UMR) and key requirements of the European Union and the U.S. The industry has started to focus on the operational processes they will need in order to comply with the Basel Committee on… Read More >>
AcadiaSoft Targets Phases 4 & 5 IM via New Service
AcadiaSoft Inc. is expanding its offerings for non-cleared derivatives via an initial margin (IM) monitoring service, slated for release in the second quarter, that will provide IM Phase 4 and Phase 5 firms with the ability to monitor IM exposure levels. The IM monitoring support will be offered in conjunction with AcadiaSoft’s Agreement Manager service,… Read More >>
Initial Margin Levels Could Soar via Volatility: Report
The initial margin (IM) required for derivatives trading could nearly double as global financial markets face the onslaughts of volatility, trade tariff tensions, future U.S. interest rates increases, and growing debt pressures, according to new research released by OpenGamma, an analytics provider for derivative transactions. The findings in “The Impact Explained of Market Volatility on… Read More >>
New IM Burdens Spur Vendors Into Action
New rules for posting initial margin (IM) for bilateral over-the-counter (OTC) derivatives instruments are looming for buy-side firms as vendors, service providers, consultants and others are ramping up their offerings in anticipation of expensive and painful compliance burdens to come. The tougher IM requirements stem from the G20-sanctioned mandates of the Basel Committee on Banking… Read More >>
BNP Paribas Subsidiary Dives Into Tri-Party Collateral Management
BNP Paribas Securities Services has launched a tri-party collateral management service that aims to connect buy-side and sell-side firms in order to unlock liquidity pools and improve the collateralization process across a wider range of securities. The service provides exposure to segregated markets, enabling clients to access previously untapped sources of collateral. In addition, clients… Read More >>
