Buy-siders to face rising settlement risks when 2 becomes 1
Non-US asset managers may miss crucial window to settle trades with CLS after switch from T+2 to T+1
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Non-US asset managers may miss crucial window to settle trades with CLS after switch from T+2 to T+1
Following the implementation of phase six of the uncleared margin rules (UMR) this September, buy-side firms in-scope are carefully considering how to allocate
Supporters believe it could remove credit risks, but others say it would be unnecessary and add costs
Bourse hoping to scoop up EU clients trading on 360t, eyes September non-cleared margining deadline
Buy-side physical FX clearing at LCH faces scepticism Lack of clearing mandate and settlement wrangles mean demand for putative service remains weak Print this page The onward march of central clearing in financial markets has hit an obstacle. A move by the world’s largest clearing house to encourage asset managers and hedge funds to clear deliverable foreign exchange trades is foundering, market participants say. Questions have been raised over the costs to clients and banks from this type of clearing, as well as access to foreign currency for settlement. The lack of a regul...