Page 2 - Settlement Clearing News Today

Grupo BMV: Asignas Notice To Clearing Members, Trading Members And All Participants - Adjustment To The Discount Curve For Tiie Swap Contracts Date 23/02/2021 USD LIBOR rate is an interest rate that has been used widely for more than three decades as a reference rate for financial contracts and as benchmark to gauge funding cost and investment returns for a broad range of financial products. For several reasons regulators want to retire USD LIBOR with a full phase-out by the end of 2021 wi...

<p><span>In September 2009, it took just nine words – OTC derivative contracts should be reported to trade repositories – for the Group of 20 (G-20) to unleash one of the most ambitious and complex initiatives in the history of derivatives markets. Despite the obvious rationale for improving transparency to give regulators better insight into market activity and emerging risks, trade reporting has proven exceptionally challenging.</span></p>

FIA Highlights CCP Margin Procyclicality Concerns To European Regulators Date FIA today  presented to the European Securities and Markets Authority (ESMA) on the issues experienced in the spring of 2020 when high volatility and procyclicality of margin requirements were experienced in the global clearing system. During this period, the high number and the large size of margin calls drove demand for liquid assets, just as those assets were scarce due to market stresses. Such a drive for...

<p><span>Please note that the Derivatives Market will be closed for trading in the evening session on 20 February 2021 due to the further testing required ahead of the release of the SPECTRA 6.7 trading and clearing system.</span></p>

Citi Clears CDS Index Option Trades Through ICE Clear Credit - Options Activity Builds On Record Year At ICE Clear Credit In 2020 Date 17/02/2021 Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that Citi has traded and cleared the first client-executed Credit Default Swap (CDS) Index Option trades in the U.S. through ICE Clear Credit. “We’re excited to...

<p><span>The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has responded to the EU’s proposals for a Digital Operational Resilience Act (DORA) for Financial Sectors.</span></p>

Exberry And Digital Asset Team Up With Baymarkets To Add Clearing To Their End-To-End Digital Asset Exchange Platform - For The First Time, And With The Integration Of Baymarkets Clara Clearing System, Market Participants Can Register, Trade And Clear Traditional, Alternative And Digital Assets On One Integrated Platform Exberry And Digital Asset Team Up With Baymarkets To Add Clearing To Their End-To-End Digital Asset Exchange Platform - For The First Time, And With The Integration Of Baymarke...

<p><span>FinClear, the technology company enabling innovation in Australian financial services, has expanded its API trading business with the addition of ThinkMarkets as a client.</span></p>

LCH SA’s RepoClear Expands Settlement Connections Date Demonstrates LCH’s continued commitment to customer choice and open access From today, Monday 18 January 2021, RepoClear has extended its settlement connections to investor CSDs so that members are now able to settle: Belgian and French Government bonds at Clearstream Banking Frankfurt Spanish Government bonds at Euroclear France French and German Government bonds at Iberclear (BME) A full list of settlement venues connect...

<p><span>The European Association of CCP Clearing Houses (EACH) published today an EACH paper entitled "Carrots and sticks: How the skin in the game incentivises CCPs to perform robust risk management". This document is part of series of papers produced in the context of the Online Workshop on CCP Risk Management that EACH organised jointly with the Journal for Financial Market Infrastructures (JFMI) on Tuesday 13</span><span>th</span><span>&nbsp...