A limited exemption is needed to novate some contracts in a no-deal Brexit.
A limited exemption is needed to novate some contracts in a no-deal Brexit.
Eurex is building an EU27 solution for clearing OTC IRS products after Brexit.
Index reform will be an important topic for markets over the next 24 months.
Majority preferred using the same adjusted risk-free rate and spread adjustment across all benchmarks.
Regulatory and contractual solutions are needed to minimize negative impacts.
Treatment of initial margin can be a disincentive for client clearing.
Clients can lower funding requirement via initial margin optimization.
FX options, spots and forwards will migrate to TradeServ in the first half of 2019.
Quantile has won LCH and CME as clearing houses for its compression and margin optimisation services.
