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Archegos, GameStop, the last days of Libor – markets just about coped in a bleak and disorderly year

May 7, 2021 by Scott Hood Additionally, parties can include certain contractual language agreeing that an electronic version of a contract (or other document), or the electronic digital storage of such document, is valid. The following example provision can be included in a commercial contract: The eIDAS Regulation defines qualified electronic signature as qualified electronic signature means an advanced electronic signature that is created by a qualified electronic signature creation device, a...

Risk.net Print this page   The amount of initial margin (IM) held across LCH’s London-based central counterparty (CCP) fell slightly over Q3, having hit record highs at end-June. Collateral held across the company’s four clearing funds remained elevated relative to pre-Covid levels. IM held against interest rate swap (IRS) contracts amounted to £154.4 billion ($210.1 billion) at end-September, down 4% on three months prior. That held against equities dropped more abruptly, by...

Introduction Driven by the Coronavirus pandemic, extreme volatility on the financial markets in early 2020 led to lenders and financial institution counterparties issuing a significantly increased number of margin calls under facilities governed by English law. Due to the rapid devaluation in the collateral held under such facilities, including margin lending facilities and ISDA-governed transactions, these margin calls typically demanded significant amounts of cash or additional collateral wit...