Clients of TD Securities looking for the clearing of bilateral derivative transactions can use the services of SwapAgent as the Canadian investment bank has gone live as a new member of the clearinghouse, officials say. SwapAgent, whose parent company is the LCH Group, offers processing, margining, and settlement services for non-cleared derivatives. “SwapAgent is the… Read More >>
UMR Deadlines Postponed Due to COVID-19
The COVID-19 pandemic has caused another major industry postponement: the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have moved the deadlines ahead by one year for the last two phases of the implementation of the uncleared margin rules (UMR) for non-centrally cleared derivatives. “In light of the significant… Read More >>
ISDA Fills Out Determinations Committees
The International Swaps and Derivatives Association (ISDA) has announced the members of its five regional Determinations Committees (DCs), which comprise the global decision-making structure around events in the credit default swap (CDS) industry, according to ISDA. “The DC process was set up as part of a series of measures to make the credit derivatives market… Read More >>
OpenGamma Embraces Open Source Margining
OpenGamma, a London-based, privately held provider of over-the-counter (OTC) derivatives trading solutions, says it is “working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades.” The solution will “implement the final Standard Initial Margin Methodology,” being developed by the International Swaps and… Read More >>
