The Securities and Exchange Commission (SEC) has officially approved a rule change proposed by the Fixed Income Clearing Corp. (FICC) to amend the margin framework applicable to covered clearing agencies for U.S. Treasury securities. FICC officials have been actively collecting margin on U.S. government securities transactions for some time now, but the newly approved rule… Read More >>
TS Imagine Launches a CCP Margin Calculator
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 >>
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 >>
BNP Paribas Moves to Automated Margin Calculation
BNP Paribas has decided to automate its process of assessing and calculating initial margin requirements for cleared derivatives portfolios by deploying the FIS Cleared Derivatives Margin Advisor, a cloud-based solution that the French bank expects will help it contain costs. The self-service offering from the U.S. vendor FIS is intended to help sell-side firms, investment… Read More >>
