International Swaps and Derivatives Association (Isda)
First emissions trade concluded with Isda master support
Dresdner Kleinwort Wasserstein (DrKW) and Fortis Bank executed the first trade of European emission allowances using an International Swaps and Derivatives Association master agreement last week. London-based environmental and energy broker Evolution…
Credit derivatives processing is now faster, says Isda
Financial institutions significantly improved their credit derivatives processing in 2003, according to the International Swaps and Derivatives Association's (Isda's) '2004 Operations Benchmarking Survey'.
Isda called on to improve OTC commodities market
Elaine Whiting, head of global over-the-counter commodities transaction documentation and management at Barclays Capital, yesterday called for assistance from financial institutions to create operations 'metrics' for OTC commodities markets.
Growth in credit derivatives at 29%
Notional volumes in the credit derivatives market now stands at US$3.58 trillion, representing year-over-year growth of 29%, according to trade body the International Swaps and Derivatives Association.
Derivatives risks overstated, say academics
The majority of finance professors at the world’s top business schools believe the risks of using derivatives have been overstated, according to the International Swaps and Derivatives Association.
De Vitry elected to Isda board
Benoit de Vitry, London-based global head of commodities and emerging markets rates at Barclays Capital, has been elected to the board of the International Swaps and Derivatives Association (Isda).
Isda publishes credit exposure analysis
Netting and collateral reduce credit exposures to such a level that on average a major dealer’s five largest inter-dealer exposures total just 2% of its entire derivatives exposure, according to new research by the International Swaps and Derivatives…
GEM and Systemwire to launch OTC derivatives trade matching system
London-based Systemwire has teamed up with New York-based Global Electronic Markets (GEM) to develop a new software platform for automated trade matching and rule-based trade validation, called FpML Mediator.
Securities Associations publish guidelines on capital treatment of trading book items
The International Swaps and Derivatives Association (Isda), the London Investment Banking Association (LIBA) and the Bond Market Association (BMA) have published a compendium on capital treatment of trading book items, such as derivatives and securities…
Prebon re-enters credit derivatives market
Prebon Marshall Yamane has opened a credit derivatives desk in London, having sold its original team to CreditTrade, the online credit derivatives trading portal, in February 2000.
Brickell’s name withdrawn as candidate to head Ofheo
Mark Brickell, a derivatives expert who was set to become the head of the Office of Federal Housing Enterprise Oversight (Ofheo), has withdrawn his name from consideration for the post. Brickell formally requested President George Bush withdraw his name…
Isda gives cautious welcome to Basel Committee progress report
The International Swaps and Derivatives Association today issued a cautious welcome to the Basel Committee on Banking Supervision’s latest progress report on the state of the new capital adequacy directive, Basel II.
Isda gives cautious welcome to Basel Committee progress report
The International Swaps and Derivatives Association today issued a cautious welcome to the Basel Committee on Banking Supervision’s latest progress report on the state of the new capital adequacy directive, Basel II.
DTCC set to launch automated payment reconciliation service
The Depository Trust and Clearing Corporation (DTCC) will this month introduce an automated payment reconciliation service. The move is one of a number of initiatives the US company has planned for the coming months aimed at reducing risk and improving…
Sovereign overhaul
The International Swaps and Derivatives Association (Isda) has released its first master confirmation agreement to standardise the trading of credit derivatives referenced to sovereign issuers.
Isda pushes for automated trade verification for derivatives
The International Swaps and Derivatives Association, the trade body representing over 600 institutions working in the derivatives industry, has moved to accelerate the transition to automated over-the-counter derivatives trade processing by publishing a…
Isda pushes for automated trade verification for derivatives
The International Swaps and Derivatives Association, the trade body representing over 600 institutions working in the derivatives industry, has moved to accelerate the transition to automated over-the-counter derivatives trade processing by publishing a…
SwapsWire launches automated credit derivatives confirmation service
SwapsWire, the UK-based electronic trading platform backed by 23 leading international banks, has developed an automated confirmation-delivery system for credit default swaps (CDS). It believes the service should ultimately reduce processing time from…
Risk management held back by lack of clear definition
Risk managers must collectively define the value of their trade to be taken seriously, according to Andrew Smith, chief financial risk officer of UK bank HBOS.
SEC produces maverick Basel II framework, redefines op risk
Throughout the Basel Accord revision process, US regulators have had a reputation for going their own way on key issues, and the Securities and Exchange Commission (SEC) is no exception.
Associations to perform economic capital model convergence study
According to the response to the US's advance notice of proposed rulemaking (ANPR), written jointly by the Bond Market Association (BMA) and the International Swaps and Derivatives Association, a number of trade associations are organising a study on the…
US Senate rejects energy derivatives legislation
The US Senate yesterday voted down proposed legislation that sought to impose tighter controls over energy derivatives trading.
Moody's hits out at combined cash and synthetic CDOs
Moody's Investors Service has warned investors that the International Swaps and Derivatives Association legal documentation underpinning combined cash and synthetic collateralised debt obligations (CDOs) is far from perfect.
Isda publishes new weather index confirmations
The International Swaps and Derivatives Association has published new confirmation templates for swaps and options on weather indexes.