Credit support annex (CSA)
Courting the AIIB: dealers eye development bank “goodies”
Beijing-based supranational expected to be heavy swaps user
Canada to collateralise cross-currency swaps
Finance ministry hopes two-way CSAs will cut costs and risks on hefty swaps flows
Moody's bank swap ratings may halt ABS downgrades
New methodology could ease swap replacement headaches
Banks and pension funds fall out over bond CSAs
Common ground hard to find as dealers try to cut leverage exposure
Small banks underpricing FVA, dealers claim
Dealers claim to be losing trades because smaller rivals are mispricing
Goodbye Sonia flat: banks rethink swaps with bond collateral
Higher discount rate can cut payouts to in-the-money clients by millions
China banks push to use RMB collateral in derivative deals
Collateral use to become latest stage in RMB internationalisation process
EU stress tests show €14bn funding burden on Italy swaps
Fourteen banks had net exposure to Italy in EU tests, implying huge funding costs
Negative Eonia splits US and EU banks, traders and lawyers
Collateral posters should pay when rates are negative, US banks believe
Conflict of interest: banks call for unity on Eonia
Traders fear swap market will be split by 0% floor disputes
Dealers threaten to charge for 0% CSA floors
FVA could result from asymmetry between cleared and bilateral trades
Deutsches Risk survey 2014: Regulatory costs drive market dynamics
Two-thirds of respondents say clearing will increase the cost of derivatives trades by up to 5%
Negative Eonia rate causes CSA headaches
Banks look for clarity on collateral interest payments
South Africa's Eskom ends CSA flirtation
No obvious benefit to posting collateral, says company's treasurer
Oesa: Europe little to learn from US clearing roll-out
US would have benefited from pragmatic European approach
Tarf trouble in Taiwan: Sliding renminbi threatens heavy losses
Taiwan's regulator warns banks about structured hedges
Taiwanese banks face funding hit on renminbi-linked Tarfs
Regulator warns banks on structured currency trades as renminbi hits 18-month lows
US eases leverage ratio impact on swaps
JP Morgan says new approach boosted ratio by up to 20bp
EU applies 8% haircut to margin-currency mismatches
European regulators confirm haircut will apply to both initial and variation margin
South African corporates expect to sign CSAs
Power giant Eskom and South African Airways want to cut hedging costs
Options for collateral options
Options for collateral options
German debt office poised to collateralise swaps
Pending 2014 budget would allow Finanzagentur to post up to €8 billion in collateral
Isda forced to rework year-old standard CSA
Regulation hits key element of landmark collateral contract - but planned revisions will reintroduce settlement risk
Basel leverage ratio may force CSA restructuring
Cash collateral can only reduce derivatives exposure if it matches the currency of the underlying swap, threatening existing CSAs and even the new standard CSA