Exchanges
Legal Spotlight
The ECB has set minimum standards that ABS must meet if issuers are to use the securities as repo-eligible funding. Angus Duncan assesses the impact of these new rules on existing ABS
The repo effect
The ability of banks to use securitisation deals as collateral for repo funding from central banks has resulted in larger deals with more esoteric assets. Laurence Neville looks at how this change is affecting the securitisation market as a whole
Column: Nick Chamie
A huge rise in the funding needs of developed nations will hurt emerging markets
Software Survey 2009
Software Survey 2009
Lean machines
Technology
Hedge of darkness
Cover Story
Riding the storm
The Structured Product
Rife insurance
Markets
Islamic inroads
Cover story
Bridging the divide
Profile
Forex freefall
Funding risk
US agriculture committee plans to ban naked CDSs
Daily news headlines
Derivatives trades rise on falling rouble
Forex derivatives volumes have soared in Russia as investors react to the plunging value of the rouble.
US agriculture committee plans to ban naked CDSs
The US House of Representatives Committee on Agriculture has published a draft bill seeking to limit the holding of credit default swap (CDS) contracts to market participants owning the bonds of the reference entity in question.
FFA market shifts further towards clearing
Fears of counterparty credit risk have led to a sharp migration towards clearing in the freight derivatives market over the past four months. The ratio of cleared forward freight agreement (FFA) trades to non-cleared over-the-counter trades in the last…
CME and JSE to cooperate on corn futures contract
The Johannesburg Stock Exchange (JSE) is to license CME Group's benchmark corn futures settlement prices to create a new JSE cash-settled corn futures contract.
Freight derivatives market shifts further towards clearing
Fears of counterparty credit risk have led to a sharp migration towards clearing in the freight derivatives market over the past four months. The ratio of cleared forward freight agreement (FFA) trades to non-cleared over-the-counter trades in the last…
Clearing single-name CDSs may prove uneconomical
High margin requirements may make central clearing of single-name credit default swaps (CDS) impossibly expensive, according to one clearing specialist.