Recent Updates:
June 29, 2011
Collateral Management Survey
Algorithmics has conducted a SURVEY on buyside’s collateral management practices. The survey results identify weakness in current systems and concerns about impact of central counterparty clearing on the buy side. More information about the survey is available on this PRESS RELEASE. A WEBINAR - COLLATERAL MANAGEMENT FOR THE BUY SIDE: Emerging Challenges and Best Practices in a Changing Regulatory Environment - will be held on 14 July at 10am EST, 3pm BST, 4pm CET.
June 20, 2011
On Monday, June 20th, SIFMA AMG sent a supplementary comment letter to the CFTC in regards to their Proposal on Position Limits for Derivatives. This letter was filed to reinforce points made by the AMG in a letter submitted on Position Limits on March 28th. The supplementary letter advocates that common ownership (i.e. related affiliates) should not necessitate the requirement to aggregate positions across entities towards any position limit. This mandate completely disregards independent management that frequently exists and the separate investment objectives across entities. In addition, there is a major practical concern regarding information sharing between affiliates – doing so may require a breach of fiduciary duty.
April 29, 2011
The AMF Derivatives Operations Committee has put together this CCP Offering Matrix, that covers the following Central Counterparty Platforms: ICE US, Ice Clear Europe, CME for credit, CME for rates, LCH SCM, LCH US model, IDCG, and Eurex Clearing Credit, Interest, and Equity Clear. The purpose of this matrix is to help asset managers navigate the new derivatives clearing environment as derivatives clearing becomes mandatory. The matrix describes the offering of each platform, and provides answers to buy side clearing questions that were developed by the AMF Derivatives Operations Committee. The questions are grouped into product offering, offering status, trade procedures, systems, pricing, risk, margin/collateral, market/credit events, default process, legal, membership and additional questions.
