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Too much choice: The problems with Europe’s plethora of segregation models –...
Speaking from experience, the number of models and the details underneath them aren’t going to get any easier, especially when the interpretation of the word by word reading of EMIR can lead to...
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EMIR Segregation Models | FIA Magazine
The FIA Magazine has an article about the EMIR seg models (see link below, free), and summarises them here, I have my own views below on the hierarchy of models, but here’s their summary: The basic...
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Dealers ask Esma to bless Lsoc-based clearing – Risk.net
Tom Osborn at Risk covers the continued push by dealers to open the door to an ISA model which allows for a single collateral account (rather than one per ISA), keeping operations simpler and cheaper...
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Asset protection isn’t as simple as it seems – FTSE Global Markets
My latest piece in FTSE Global Markets: Asset protection isn’t as simple as it seems – FTSE Global Markets.Filed under: Clearing, Collateral Management, News Tagged: Clearing, Collateral Management,...
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The week that was (aka Dazzling Derivatives; issue of 5th August 2013)
Dear all, The TOP Stories of last week: ETD reporting delayed but TR reconciliation on track As reported last week, ESMA now officially told a Financial News (subs required) that ETD reporting will be...
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The ESMA FAQ Brings and End to Individual Segregation By Value (But you can...
On page 31 of the newly updated ESMA FAQ on EMIR the world of segregation models at CCP’s for clearing OTC derivatives finds a much-anticipated clarification on the Individual Segregation Account...
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Beat Amazon, 30% Off The Latest Book on Central Clearing for OTC Products |...
David Murphy, the author behind the Deus Ex Macchiato blog and Independent Consultant, has written the latest book on central clearing, which gathers together straightforward explanations of the...
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Beat Amazon, 30% Off The Latest Book on Central Clearing for OTC Products |...
David Murphy, the author behind the Deus Ex Macchiato blog and Independent Consultant, has written the latest book on central clearing, which gathers together straightforward explanations of the...
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Indirect Clearing. Can it work?
As EMIR moves forward to its next milestones, central clearing, one of its major pillars (if not the core of EMIR) , is the next big challenge for all of us, assuming that trade reporting is already...
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UPDATED: New EMIR FAQs published
Another – rather smallish update – has found its way into the EMIR Q&As, which ESMA published today. Five parts have been updated as follows: Calculation of the clearing threshold (OTC Question 3)...
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Quad-Party Clearing – a Winner’s Curse? – Capco Blog
Henner Brüner is a Consultant in Capco’s Capital Markets Frankfurt practice, he explains why “quad party” or “physical segregation” is desirable for buy-side clearing clients but complex and costly to...
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