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Clearing

Vote of confidence for providers in results from service provider rankings 2011

Service providers play a key role in the smooth operation of hedge fund management companies. Their role has become even more central as increased regulation and risk controls take centre stage.

Hedge Funds Review | 12 Dec 2011secure

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Non-US MF Global clients caught in cross-border collateral trap

Omnibus structure meant clearing clients of MF Global outside the US were asked to double up on collateral payments. Use of the structure for OTC markets is now in doubt.

Hedge Funds Review | 08 Dec 2011secure

Hong Kong regulator says work needed to co-ordinate OTC derivatives central clearing

Further international co-ordination is needed if the G-20 deadline for central clearing of standardised OTC derivatives is to be met, says Hong Kong Securities and Futures Commission chief executive.

Hedge Funds Review | 30 Nov 2011secure

G20 will not meet deadline for OTC derivatives reforms according to Risk.net poll

A vast majority of respondents to a Risk.net poll do not believe G20 members will meet the end-2012 deadline for all standardised OTC derivatives to be cleared through central counterparties (CCPs).

Hedge Funds Review | 09 Nov 2011secure

Central counterparty capital rules could discourage client clearing, critics claim

Revised Basel rules provide little capital incentive for clearing members to clear trades on behalf of clients, say bankers. Exposures to clients would also have to be treated as a bilateral trade.

Hedge Funds Review | 09 Nov 2011secure

OTC derivatives clearing throw up questions for future of some hedge fund strategies

Mandatory clearing of OTC derivatives contracts by 2012 is having a mixed impact on hedge fund strategies. Main worries concern costs and the possible difficulty in maintaining viable strategies.

Hedge Funds Review | 31 Oct 2011secure

Prime brokers confirm options clearing on hold by US authorities

Foreign exchange clearing will be restricted to non-deliverable forwards as US authorities discuss if settlement risk can be properly managed for cleared FX options at FX Week Asia conference.

Hedge Funds Review | 19 Oct 2011secure

Tabb pegs OTC clearing-related technology spending at $3.3 billion

Clearing houses and dealers are spending billions on technology to prepare for OTC derivatives clearing but costs may ultimately be passed to clients.

Hedge Funds Review | 30 Sep 2011secure

CCPs should be more transparent with margin models, say dealers

Dealers say central counterparties (CCPs) active in the over-the-counter derivatives market need to be more transparent about how they calculate margin, including making models fully accessible.

Hedge Funds Review | 26 Sep 2011secure

Give-up agreement can survive Commodity Futures Trading Commission attack

Despite a CFTC proposal that attacks an industry clearing document, the core of the text can survive, says lawyer at Isda's New York conference

Hedge Funds Review | 15 Sep 2011secure

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